Trump Announces New European Tariffs in Greenland Standoff
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The Trump administration has numerous tariffs in place, impacting global trade and relations with dozens of countries. Here's what to know.
The dollar sank 0.31% against the euro to $1.16 and tumbled 0.32% against the yen to 157.58. Meanwhile, gold rose 1.95% to a fresh record of $4,684.30 per ounce. Silver jumped 5.66% to $93.53, also a new high. Due to the Martin Luther King Jr. Day holiday on Monday, U.S. stock and bond futures were inactive.
President Donald Trump imposed the tariff on certain AI chips, such as the Nvidia H200 AI processor and a similar semiconductor from AMD called the MI325X, under a new national security order released by the White House.
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Bessent's comments come one day after Trump said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland.
The visit comes after high-level talks in Washington failed to dissuade Trump from his plan to annex the semi-autonomous Danish territory.