Crypto stocks dump as Treasury Secretary warns of April 2 tariffs
U.S. Treasury Secretary Scott Bessent warned European countries against retaliating against the U.S.’s trade tariffs over the Greenland crisis.
Speaking at the World Economic Forum in Davos, Switzerland, on Jan. 20, Bessent reminded everyone of the tariff war the U.S. initiated on "Liberation Day" when President Donald Trump announced "reciprocal" tariffs on countries across the world on Apr. 2, 2025.
As Trump plans to acquire Greenland, he has threatened to impose a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland beginning Feb. 1, which will increase to 25% beginning June 1.
With countries in...