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Blame Japan, Not Trump: The Truth Behind the Market Drop and Greenland Deal | E.J. Antoni

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When it comes to Greenland, Trump’s arguments about international trade, geostrategic locations, rare earths, etc., were all ignored by European leaders. In response, Trump threatened additional tariffs on many European countries. When markets opened last week, things turned red. Those suffering from Trump derangement syndrome couldn’t help themselves and immediately drew the conclusion that the stock market drop was the result of Trump’s harsh negotiating tactics with Greenland.And they were wrong. To find out why the markets tanked, you need to travel halfway around the world to a country that is “basically running ahead of the U.S. in terms of the life cycle of a debt crisis,” argues Heritage Foundation chief economist E.J. Antoni in today’s special video commentary.