Pakistan, Jan. 22 -- EU leaders will review their relationship with the United States at an emergency summit after Donald Trump's recent threats over Greenland shook transatlantic confidence. Trump had threatened tariffs on eight European countries and even hinted at military action to acquire Greenland,

As the EU calls Trump's threat to tariff allies for rejecting his bid for Greenland a mistake, Denmark's leader laments "being threatened by our closest ally."

Trump advisor Kevin Hassett calls for "cooler heads to prevail" as president threatens Denmark with tariffs over Greenland acquisition deal negotiations.

Gold jumped to record high and stocks fell on Monday after Donald Trump’s pursuit of Greenland threatened to reignite a trade war with Europe and left transatlantic relations facing their gravest crisis in years.

Asia-Pacific markets traded subdued as investors weigh renewed U.S. tariff threats tied to Greenland that have stoked concerns of a growing rift between Washington and European nations.