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    Markets fall and gold and silver hit new highs after Trump’s latest tariff threat

    European carmakers among hardest hit with US president’s talk of Greenland-linked trade levies also pushing down the dollarMarkets stay calm amid Trump’s gambit, but long-term risks are hugeCould the EU hit back with its ‘big bazooka’?European stock markets fell on Monday and gold and silver prices hit record highs after Donald Trump threatened to impose additional tariffs on eight European countries in an increasingly aggressive attempt to claim Greenland.France’s Cac fell 1.8%, while Germany’s Dax and Italy’s FTSE MIB were down 1.3%. In the UK, the FTSE 100 fell 0.4%. Continue reading… More

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    Trump threatens 25% tariff on European allies until Denmark sells Greenland to US

    Heads of state across Europe respond in solidarity with Denmark and Greenland, and boycott of World Cup suggestedDonald Trump threatened a 25% tariff on a slew of European countries including Denmark, Germany, France and the UK – until the US is allowed to purchase Greenland, in an extraordinary escalation of the president’s bid to claim the autonomous Danish territory.In a lengthy post on Saturday on Truth Social, Trump said he would impose a 10% tariff on Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland beginning 1 February, “on any and all goods sent to the United States of America”. Continue reading… More

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    Senate backs Donald Trump in Venezuela resolution as Vance casts tie-breaking vote – as it happened

    This live blog is now closed.US Senate kills resolution that would have limited Trump action in VenezuelaDonald Trump repeated his threat to withhold federal funding to sanctuary cities on Truth Social today.“ALL THEY DO IS BREED CRIME AND VIOLENCE! If States want them, they will have to pay for them!,” the president wrote in a post. Continue reading… More

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    Trump says countries doing business with Iran face 25% tariff on US trade

    President posts online as US weighs response to situation in Iran, which is major facing anti-government protestsDonald Trump has said any country that does business with Iran will face a tariff rate of 25% on trade with the US, as Washington weighs a response to the situation in Iran, which is seeing its biggest anti-government protests in years.“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” the US president said in a post on Truth Social on Monday. Tariffs are paid by US importers of goods from those countries. Iran has been heavily sanctioned by Washington for years. Continue reading… More

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    Trump threatens Greenland and Iran at meeting with oil bosses on Venezuela – as it happened

    This live blog is now closed.Trump news at a glance: president pitches oil companies on major extractions in VenezuelaPope Leo XIV has denounced how nations are using force to assert their dominion worldwide, saying they are “completely undermining” peace and the post-Second World War international legal order, AP reported.In his most substantial critique of US, Russian and other military incursions in sovereign countries, Leo told ambassadors who represent their countries’ interests at the Holy See that “war is back in vogue and a zeal for war is spreading”. Continue reading… More