Investor panic fuels major stock selloff following Trump’s new tariff announcements
Global stock markets are reeling as Wall Street’s sharp reaction to U.S. President Trump’s Greenland-related tariff threats triggered the worst one-day selloff in months. With the “Sell America” trade returning and Treasury yields spiking, investors are now looking to the Davos summit for any signs of de-escalation.
All three U.S. equity indices faced their worst one-day declines in three months, the dollar plummeted by its largest margin in a month, and Treasuries were heavily impacted, with the 30-year yield nearing the alarming 5 percent threshold.
This revival calls to mind the “Sell America” phenomenon, yet many are wondering if Trump will “TACO” again like he did with his tariffs last April.
From his remarks, it’s obvious that there’s no backtracking on Greenland. Yet, the…
