World markets fell after U.S. President Trump sent a message to Norwegian Prime Minister Jonas Gahr Støre stating that Trump’s threats to take over Greenland were linked to not receiving the Nobel Peace Prize. In the message, Trump wrote that he no longer felt obligated to think “purely of Peace” and asserted, “The World is not secure unless we have Complete and Total Control of Greenland.” The Nobel Committee’s prize decisions are not controlled by Norway’s government, and Greenland is a territory of Denmark.
Later, Trump posted on social media that NATO had been telling Denmark for 20 years to remove a “Russian threat” from Greenland and wrote, “Now it is time, and it will be done!!!” Traders reacted to the prospect of renewed U.S.–Europe trade conflict and geopolitical escalation. S&P 500 futures fell 1.12%, the STOXX Europe 600 dropped 1.25%, and several major indexes declined across the U.K., Japan, and India; bitcoin fell to $93K. Gold reached a record high of $4,673.4. Analysts cited uncertainty, potential tariff impacts on European GDP, and higher U.S. consumer prices as risks.