The Swiss stock market opened lower on Monday, like other European markets, as investors digested the escalation of geopolitical tensions over Greenland and the threat of new US tariffs on eight European nations. Safe haven investments like the Swiss franc benefited against this turbulent backdrop. + Get the most important news from Switzerland in your inbox US President Donald Trump has vowed to slap tariffs on eight European nations until the US is allowed to buy Greenland. Trump says he will impose an additional 10% import tariffs from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, which will rise to 25% on June 1 if no deal is reached. On Saturday, Trump accused the European countries of playing "a very dangerous game" in Greenland. Reacting to these comments, French President Emmanuel Macron plans to ask Brussels to activate the EU's anti-coercion instrument in the event of new US tariffs, a tool that can be used to ...
