President Trump’s tariff threats against eight NATO allies over Greenland have triggered a massive flight to safety, sending gold and silver to historic peaks while European stocks crater in early trading.
Story Highlights
- Gold surged to record $4,690.59 and silver hit $94.12 as Trump threatens 10-25% tariffs on eight European nations
- European markets plummeted with DAX down 1.5% and CAC 40 falling 1.7% amid escalating trade war fears
- EU prepares to activate anti-coercion instrument for first time against US, threatening retaliation on American goods
- Trump demands European cooperation on Greenland acquisition for national security, refusing to back down despite NATO ally opposition
Trump’s Strategic Greenland Push Rattles Global Markets
President Trump announced Saturday that 10% tariffs will hit Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland starting February 1st unless they facilitate America’s acquisition of Greenland. The tariffs escalate to 25% in June, marking Trump’s boldest move yet to secure Arctic territorial control for national security purposes. This represents a complete reversal from globalist policies that previously weakened American strategic positioning in critical regions.
Precious Metals Surge as Dollar Debasement Fears Mount
Gold rocketed to $4,690.59 while silver peaked at $94.12 during Monday’s early trading as investors fled traditional assets. The precious metals rally reflects growing concerns about dollar stability and fiscal mismanagement following years of reckless spending under previous administrations. Market analysts note the “debasement trade” narrative driving metals higher as geopolitical tensions expose vulnerabilities in fiat currency systems that conservatives have long warned about.
Gold, silver hit peaks and stocks sink on new US-EU trade fearshttps://t.co/tb6XAfwEbw
— Insider Paper (@TheInsiderPaper) January 19, 2026
European Allies Threaten Unprecedented Retaliation
Eight targeted nations issued a joint statement condemning Trump’s tariffs as risking a “dangerous downward spiral,” while France pushes for activating the EU’s anti-coercion instrument against American goods and services. German Foreign Minister Johann Wadephul declared a US-EU trade deal “impossible,” as Brussels considers voiding last year’s trade truce and reimposing tariffs on $108 billion of US goods. This European resistance demonstrates how globalist institutions prioritize bureaucratic sovereignty over legitimate American security concerns.
Smart Money Flows Signal Economic Realignment
European indices suffered technical breakdowns with the DAX falling to 24,927 and CAC 40 dropping to 8,121, while US futures declined sharply. The US Dollar Index weakened 0.2% as investors rotated into hard assets, validating conservative warnings about fiat currency vulnerabilities. Treasury Secretary Bessent reinforced America’s position, stating the US won’t retreat on Greenland while criticizing EU security weaknesses that have left the West exposed to strategic threats.
This market upheaval exposes the fundamental weakness of globalist economic structures that have made America dependent on unreliable allies for critical strategic assets. Trump’s decisive action prioritizes American national security over the comfortable but dangerous status quo that previous administrations allowed to fester, regardless of short-term market turbulence.
Watch:
Sources:
Gold and silver prices hit all-time highs amid U.S-Europe trade war escalation
Impact on US-EU tensions: Risk-off, US dollar subdued, heightened demand for gold and silver
Gold, silver hit peaks and stocks sink on new US-EU trade fears
Gold and silver prices jump after Trump threatens Europe with 10% tariff
