Stunning chart shows Trump’s 'saber-rattling' already 'cost US one Greenland': economist

Sarah K. Burris
7h

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 13, 2026. REUTERS/Brendan McDermid

President Donald Trump's push to take over Greenland has cost the United States $750 billion so far.

In a social media post, economics and public policy professor at the University of Michigan Justin Wolfers captured the one chart that shows how disastrous Trump's "saber-rattling" has been for the United States, beyond its impact on the country's allies.

Wolfers showed a screen capture of the S&P, which opened down -1.3 percent.

"That's $750 billion of wealth destroyed -- roughly equal to estimates of the value of Greenland," said Wolfers. "And so in dollar terms his shenanigans have already cost the US one Greenland, and we've got nothing to show for it."

U.S. markets were closed on Monday due to the holiday celebrating Dr. Marin Luther King Jr.

The U.S. wasn't the only one to suffer. If the dollar continues to weaken against other global currencies, inflation will increase, one investment firm explained.

The Guardian reported, "In Europe, France’s Cac 40 share index dropped 1.1 percent, Germany’s Dax fell 1.5 percent and Italy’s FTSE MIB was off 1.5 percent."

Perhaps worse, the American dollar has fallen by 1 percent.

Things got worse overnight as Trump threatened to impose a 200 percent tariff on French wine and champagne after France’s Emmanuel Macron indicated he wasn't willing to join Trump's so-called "board of peace" on Gaza.

In the U.S. the Dow Jones Industrial Average crashed 750 points after it opened. The biggest losers were the AI company Nvidia and Tesla.

The Nasdaq composite was down 1.8 percent at the open.

Trump has vowed there's "no going back" after his demands to Denmark for Greenland.

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