Stocks sank on Wall Street after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. The S&P 500 fell 2.

Stocks slumped on Wall Street Tuesday after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland.

UK stocks slipped on Tuesday, swept up in a global risk-off mode after U.S. President Donald Trump vowed to slap tariffs on European nations until the U.S. is allowed to buy Greenland.

European leaders are slamming President Trump’s threat to impose tariffs on NATO allies who oppose his plan for a U.S. takeover of Greenland.

President Trump's pursuit of Greenland threatens to reignite a trade war with Europe and upend the NATO alliance.

President Trump offered a cryptic "you'll find out" response on Greenland takeover plans, dismissing NATO concerns as he prepares to head to Davos amid tariff threats.

President Donald Trump ’s pledges to provoke a sweeping tariff fight with Europe to get his way in taking control of Greenland has left many of America’s closest allies warning of a rupture with Washington that would shatter the NATO alliance that had once seemed unshakable.

"While in many ways it feels like the U.S. holds the economic cards, it doesn’t hold all the funding cards in a world that will be very disturbed by the weekend’s events."