U.S. President Donald Trump has promised to implement further tariffs on imports of goods from some European countries until the U.S. is allowed to acquire Greenland, a move that could send a jolt through financial markets when they reopen on Monday.

Global markets face a fresh ‌bout ​of volatility this week after President Donald Trump ‌vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland. Trump said he ​would impose an additional 10% import tariffs from February 1 on goods from Denmark,

President Donald Trump vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark's vast Arctic island.

US President Donald Trump’s announcement of new tariffs on eight European countries over Greenland weighed on risk sentiment as trading kicked off Monday.

EU capitals are considering hitting the US with €93bn worth of tariffs or restricting American companies from the bloc’s market in response to Donald Trump’s threats to Nato allies opposed to his campaign to takeover Greenland.

The move risks upending a landmark trade deal the U.S. president reached with the European Union last year.

The fallout from Donald Trump's tariff threat to EU allies that oppose his campaign to annex Greenland dominates Monday's papers.

Gold and silver jumped to record highs as President Donald Trump’s intensifying push to take Greenland spurred fears of a damaging trade war between the US and Europe.