Trump Announces 10% Tariff on Multiple Countries

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS ON NATO COUNTRIES:President Trumpon social media, "We have subsidized Denmark, and all of the Countries of the European Union, and others, for many years by not charging them Tariffs, or any other forms of remuneration. Now, after Centuries, it is time for Denmark to give back - World Peace is at stake! China and Russia want Greenland, and there is not a thing that Denmark can do about it. They currently have two dogsleds as protection, one added recently. Only the United States of America, under PRESIDENT DONALD J. TRUMP, can play in this game, and very successfully, at that! Nobody will touch this sacred piece of Land, especially since the National Security of the United States, and the World at large, is at stake. On top of everything else, Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown. This is a very dangerous situation for the Safety, Security, and Survival of our Planet. These Countries, who are playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable. Therefore, it is imperative that, in order to protect Global Peace and Security, strong measures be taken so that this potentially perilous situation end quickly, and without question. Starting on February 1st, 2026, all of the above mentioned Countries (Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland), will be charged a 10% Tariff on any and all goods sent to the United States of America. On June 1st, 2026, the Tariff will be increased to 25%. This Tariff will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland."LAWSUIT:President Trumpon social media that he will sue JPMorganover next two weeks for "debanking." "A front page Article in The Fake News Wall Street Journal states, without any verification, that I offered Jamie Dimon, of JPMorgan Chase, the job of Fed Chairman. This statement is totally untrue, there was never such an offer and, in fact, I'll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting - The Election was RIGGED! Why wouldn't The Wall Street Journal call me to ask whether or not such an offer was made? I would have very quickly told them, 'NO,' and that would have been the end of the story. Also, one was led to believe that I offered Jamie Dimon the job of Secretary of the Treasury, but that would be one that he would be very interested in. The problem is, I have Scott Bessent doing a fantastic job, A SUPERSTAR - Why would I give it to Jamie? No such offer was made there, or even thought of, either. The Wall Street Journal ought to do better "'act checking,' or its already strained credibility will continue to DIVE."INVESTMENT DEAL:NovartisCEO Vas Narasimhan "thinks" the company has an agreement with the U.S. to protect it from tariffs, believing its $23B investment in manufacturing announced last year would act as a barrier against levies, Tasmin Lockwood of CNBC, citing comments made by Narasimhan. This comes after U.S. President Donald Trump said he plans to impose 10% tariffs on the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland by February 1.NO INVESTMENT IN VENEZUELA:While U.S. President Donald Trump is pressuring U.S. oil companies to invest $100B into Venezuela's oil sector, a rapid escalation in oil investments is not in the cards for most companies, not even Chevron, the only U.S. oil company operating in the country, Collin Eaton and Emily Glazer of The Wall Street Journal, citing people close to the company. Oil executives want to see the stability in the country and higher oil prices before making big investments. This will likely test the leadership of CEO Mike Wirth, who will have to balance the wishes of the president as well as his shareholders.STUDENT LOANS:The Department of Educationthat it will delay the implementation of involuntary collections on federal student loans, including Administrative Wage Garnishment and the Treasury Offset Program. "The temporary delay will enable the Department to implement major student loan repayment reforms under the Working Families Tax Cuts Act to give borrowers more options to repay their loans," the agency said in a statement. "These reforms, which include simplifying repayment options and providing an additional opportunity for borrowers to rehabilitate their federal student loans, reflect the Trump Administration's commitment to provide better support for current and future borrowers in repayment," it added. SLM, Navient, Nelnetand SoFi Technologieshave exposure to student loans.