Tariffs on European Countries Cause Stocks to Plummet: What You Need to Know

Tuesday, Jan 20, 2026 1:52 pm ET1min read
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US stocks plummeted after the White House announced potential 10% tariffs on imports from eight European nations. The tariffs were intended to pressure Denmark over a potential sale of Greenland to the US. Among the impacted stocks were Teladoc and EverQuote, which fell 1.2% and 2.6%, respectively. The stock market overreacts to news, presenting good opportunities to buy high-quality stocks.

Tariffs on European Countries Cause Stocks to Plummet: What You Need to Know

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