Trade tensions just escalated. President Trump has announced new tariffs targeting eight European nations tied to the Greenland dispute. When markets open Monday, don't be surprised to see risk sentiment take a hit. European equities are likely to face the heaviest selling pressure. The ripple effects? Broader market volatility and potential portfolio repositioning as investors reassess geopolitical risk. For crypto traders, watch how traditional risk assets respond—it often signals broader market appetite for alternative assets.