Economic

Stocks jump after Trump backs off on new European tariffs over Greenland

January 21, 2026 at 20:57Z
BIAS: Center
RELIABILITY: High

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MarketWatch
20:52Z

President Donald Trump on Wednesday backed off from his plan to impose new tariffs on some European countries resisting his effort to obtain Greenland and promised he wouldn’t use force to get the Danish territory, sparking a rally for stocks.

Source Assessment

Political Bias
Center
Reliability
High
Coverage
+1 outlets
Coverage:
0 Left
2 Center
0 Right

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