Dan Schwartzman

Trump threatened the tariff on goods from eight European countries, which could rise to 25% in June, unless there's a deal for the, quote, purchase of Greenland.

British Prime Minister Keir Starmer says the decision is not Trump's to make.

That's British Prime Minister Keir Starmer.

Meanwhile, German Finance Minister Lars Klingbeil told reporters in Berlin Monday that President Trump reached a red line with this threat to hit NATO allies with additional tariffs for opposing his bid to annex Greenland.

Klingbeil said, quote, We are constantly experiencing new provocations.

We are constantly experiencing new antagonism, which President Trump is seeking, and here we Europeans must make it clear that the limit has been reached."

The minister speaking alongside his French counterpart said there was a European toolbox available to use to respond to economic blackmail, which they believe should be now examined.

Klingbaugh was responding to Trump's announcement over the weekend to impose tariffs on goods from eight European countries.

Markets reacting negatively to the news on Greenland with futures all down from 1% to 1.5%, while European markets are also roiled down anywhere from 0.6% to 1.5%.

According to Spain's transport minister, at least 39 people are dead after a high-speed train carrying around 300 passengers traveling between Madrid and Malaga derailed and hit another coming in the opposite direction.

The accident took place around 7.45 p.m.

local time.

Spain has one of the world's largest high-speed train networks, which consists of private and state-owned players.

Russian President Vladimir Putin's spokesman Dmitry Peskov says that Putin, quote, received through diplomatic channels, unquote, an invitation to join President Trump's Board of Peace for the reconstruction of Gaza.

Peskov says the Kremlin is reviewing the invitation.

and is looking to get more details from the U.S.

Cryptos fell sharply as risk assets slipped and haven demand strengthened after President Trump proposed new levies on eight European countries for their support of Greenland.

Bitcoin slid by as much as 3.6% to below $92,000, while other tokens posted steeper losses, with the sell-off knocking about $100 billion off the crypto market's total value.

Bitcoin had risen back up to just shy of $98,000 on January 14th before the latest drop.

Gold and silver jumped to record highs on President Trump's push to take over Greenland, spurring fears of a trade war between the U.S.