Fidenza Macro
· Fidenza Macro
· January 19, 2026 at 10:34
· ⏱ 6 min read
| Read on Substack ↗
Summary
The author highlights a new geopolitical risk from former President Trump, who has threatened 10% tariffs on eight European nations if they don't agree to sell Greenland to the US. This unexpected 'tariff tape bomb' introduces volatility into a market that had been complacent and trading near its highs.
•Former President Trump has threatened to impose 10% tariffs on Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland.
•The condition to avoid the tariffs is a deal for the US to purchase Greenland.
•This threat is described as a 'tariff tape bomb' that disrupts a complacent market trading at its highs.