U.S. equities slump on Greenland tariffs spat

• U.S. stocks experienced their worst day since October, with the S&P 500 entering negative territory for the year, driven by escalating U.S. tariff threats over Greenland.
• Bundesbank President Joachim Nagel warned that tariff discussions would have spill-overs to monetary policy and negatively impact economic growth, urging caution and a unified European stance.
• U.S. Treasury Secretary Scott Bessent dismissed European concerns about U.S. Treasury holdings and trade policies, emphasizing record foreign investment and criticizing European regulations.

The video discusses escalating trade tensions between the U.S. and Europe, particularly concerning tariffs and Greenland, leading to a significant slump in U.S. equities. European leaders express strong concerns over U.S. foreign policy tactics and threats to central bank independence, while the Bundesbank President warns of negative impacts on economic growth and calls for cooperation.