Trump’s tariff playbook is back.

Markets are entering another tariff-driven volatility cycle. Trump announced new EU tariffs, tying any rollback to a Greenland deal—a familiar pressure tactic.

What’s announced

10% tariff from Feb 1

25% hike on June 1 if no deal

Targets: Denmark, Norway, Sweden, France, Germany, UK, Netherlands, Finland

Tariffs stay until a Greenland agreement is reached

How this usually plays out

Threat → formal tariff announcement

Weekend pressure while markets are closed

Futures sell off on reopen

Early-week headline volatility

Midweek dip buying (tariffs not live yet)

“Progress” headlines → futures bounce

Deal announced near the deadline

Key takeaway Tariffs are leverage, not the end goal.
Markets suffer most during the headline phase, then stabilize once negotiations begin.

Volatility isn’t the outcome — it’s the tool.