FX.co ★ US Futures Slide on Trump Tariff Threat

On Monday, U.S. stock futures saw a decline following a declaration from President Donald Trump regarding potential new tariffs on eight European nations. This action aims to enforce the "complete and total purchase of Greenland.” The proposed tariffs, affecting Germany, the UK, France, Denmark, Norway, Sweden, the Netherlands, and Finland, are set to begin at 10% on February 1, escalating to 25% by June unless a resolution is achieved. European leaders are contemplating suspending the ratification of last year's trade agreement, and reports suggest that French President Emmanuel Macron might consider employing the EU’s anti-coercion mechanism. Consequently, Dow futures decreased by 0.6%, S&P 500 futures declined by 0.7%, and Nasdaq 100 futures saw a 1% fall. Investors are also anticipating a busy week for earnings, with significant reports expected from companies such as Netflix, Visa, and Intel. Meanwhile, U.S. markets are closed on Monday due to a holiday.