European shares slide further as Trump's tariff threat persists

Reuters
2026.01.20 08:16
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European shares fell 0.7% as concerns over U.S. President Trump's tariff threats on eight European countries continued. This follows Trump's warning of increased tariffs starting February 1 unless the U.S. is allowed to buy Greenland, raising fears of a trade war. While some analysts are skeptical, investor anxiety remains high. Corporate earnings and signals from the World Economic Forum are expected to influence market sentiment. Notably, Renault's shares rose 1.6% after reporting increased sales, while LVMH and Pernod Ricard saw declines due to potential tariffs on French wines and champagnes.