By Shishir Prashant 
PrashantNews
Amid the rising global tension on Greenland, the Indian stock market on Tuesday crashed by more than 1000 points after President Donald Trump opened many fronts against European leaders issuing veiled warning to French President Emmanuel Macron and describing UK deal to hand over sovereignty of the long-contested Chagos Islands as an “act of great stupidity” that also threatened to ignite a new transatlantic trade war
Trump issued a veiled warning to Macron, suggesting that the French leader would soon be out of office. After inviting world leaders like Prime Minister Narendra Modi and Russian President Vladimir Putin to join his proposed Gaza board of peace, Trump was hoping that Macron would join it. Speaking to reporters, Trump addressed Macron’s reported refusal to join his proposed “Board of Peace” for Gaza, saying, “Nobody wants him because he will be out of office very soon.”
Trump also threatened to impose a 200 per cent tariff on French wines and champagnes, in a move to push President Macron to join Trump’s Board of Peace initiative aimed at resolving global conflicts.
When asked about Macron refusing to join the board, Trump said, “Did he say that? Well, nobody wants him because he will be out of office very soon.” “I’ll put a 200% tariff on his wines and champagnes, and he’ll join, but he doesn’t have to join,” Trump said.
Trump has made an astonishing series of attacks apparently designed to humiliate allies France, Britain and Canada as the row over Greenland threatens to engulf the Davos forum.
In a flurry of Truth Social posts and comments to reporters a day before he left for Davos, Trump leaked apparently private text messages from Macron.
His comments leave the transatlantic alliance in perhaps its most fragile state since World War II — and underscore that Trump is determined to make a show of power at the meeting in the Swiss ski resort.
In a strong rebuke to Trump, Denmark’s Prime Minister, Mette Frederiksen, issued a series of strong statements, warning President Trump, after his tariff threat to EU nations over Greenland, that any attempt to provoke a trade war with Europe would be met with a decisive response.
Indian equity markets crashed on Tuesday amid heavy selling pressure across all sectors, tracking weak global cues related to Greenland tension, sustained foreign outflows and sharp losses in mid-cap and small-cap stocks. Benchmark indices fell over 1 per cent, while broader markets saw deeper cuts. The BSE Sensex closed at 82,180.47, down 1,065.71 points, or 1.28 per cent. The Nifty 50 settled at 25,232.50, declining 353 points, or 1.38 per cent.