Stocks tumbled in early trading on Tuesday as President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland. The Dow Jones Industrial Average fell 735 points, or 1.4%, while the S&P 500 declined 1.5%. The tech-heavy Nasdaq dropped 1.8%.

President Donald Trump, in his second term, is asserting that presidents can take actions that were not previously understood to be within their authority.

A new study released Monday by a group of researchers at the German-based Kiel Institute for the World Economy found that U.S. consumers paid the largest chunk of the tariffs: 96%, to be specific.

President Donald Trump 's $2,000 tariff dividend proposal for Americans in a 2026 stimulus check depends on a looming Supreme Court tariff ruling decision on whether his tariff orders are legal.

US President Donald Trump on Tuesday acknowledged the uncertainty over the outcome of the US Supreme Court's ruling on his administration's sweeping tariff regime.

Earlier, Trump had taken to social media to say, "If the Supreme Court rules against the United States of America...WE'RE SCREWED!"