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Market Turmoil: Reeves Cancels Appearance Amid Trump's Tariff Threats

1/21/2026

Summary

Story summary

Chancellor Rachel Reeves canceled her appearance at the London Stock Exchange due to President Donald Trump's tariff threats regarding Greenland.
The FTSE 100 index fell by 0.4% amid market uncertainty following Trump's proposed tariffs of 10% starting February 1, escalating to 25% by June.
In Davos, Reeves and Business Secretary Peter Kyle highlighted the UK's stability for investors and potential opportunities for British exporters, particularly with China.
Prime Minister Keir Starmer urged calm discussions with the US, emphasizing the seriousness of the situation as both leaders adjust their schedules to address the crisis.

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Story summary

Chancellor Rachel Reeves canceled her appearance at the London Stock Exchange due to President Donald Trump's tariff threats regarding Greenland.
The FTSE 100 index fell by 0.4% amid market uncertainty following Trump's proposed tariffs of 10% starting February 1, escalating to 25% by June.
In Davos, Reeves and Business Secretary Peter Kyle highlighted the UK's stability for investors and potential opportunities for British exporters, particularly with China.
Prime Minister Keir Starmer urged calm discussions with the US, emphasizing the seriousness of the situation as both leaders adjust their schedules to address the crisis.