Stocks tumbled in early trading on Tuesday as President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland. The Dow Jones Industrial Average fell 735 points, or 1.4%, while the S & P 500 declined 1.5%. The tech-heavy Nasdaq dropped 1.8%.

The "Sell America" trade compelled investors to dump U.S. stocks and bonds, while gold and silver, both safe haven assets, hit new highs.

The Dow tumbled 870 points on Tuesday as investors assessed the impact of Trump's intensifying push to take control of Greenland.

Pentagon officials plan for all sorts of military contingencies, but they have not yet been asked to draw up an invasion of Greenland or the aftermath of such an operation.

The president shared a private message from France's Emmanuel Macron, part of a flurry of activity as he added new fuel to his clash with Europe over the Arctic territory.

President Donald Trump doubled down on his pressure campaign for the annexation of Greenland, arguing there's “no going back” on his ambitions despite the global backlash.

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