Trump reverses tariffs on Europe.. What does this mean for markets and crypto?
After days of escalation regarding Greenland and threats to impose tariffs of 10–25% on 8 European countries (Denmark, Germany, France, Britain, Norway, Sweden, the Netherlands, Finland), Trump announced today his complete reversal:
- Tariffs will not be imposed on February 1.
- The use of force to annex Greenland has been ruled out.
- "Framework for a future agreement" with NATO Secretary General Mark Rutte regarding security in the Arctic.
The result?
- Relief in traditional markets: American and European indices rise, the euro strengthens against the dollar.
- Avoiding a new trade war = greater liquidity, less risk to the global economy.
- Crypto so far remains indirectly unaffected (BTC and ETH are relatively stable), but reducing geopolitical tension typically supports risk-on assets like digital currencies.