Trump’s new Europe tariff threats unsettle Davos, hit euro, pound and Bitcoin prices

On January 19, 2026, participants at the World Economic Forum in Davos are facing renewed tensions as Donald Trump threatens new US import tariffs on several European countries if Greenland talks collapse. The plan includes a 10% levy from February, rising to 25% from June 1, pressuring the euro, the British pound, European stock futures and Bitcoin, which has slipped over 2% to $92,900. European political leaders have pushed back, calling the measures a mistake or economic blackmail, while investors reassess geopolitical risk amid rising gold prices.