The European Union is heading toward a showdown on its transatlantic trade agreement. Brussels lawmakers are signaling they could block the deal after Trump threatened tariffs against any nation that supported Greenland during the diplomatic tensions. It's the kind of geopolitical friction that tends to ripple through markets—currency volatility, risk-off sentiment, the usual suspects. When major economies start playing hardball over trade, you often see investors rotating out of risk assets and reassessing their portfolio positioning. Worth watching how this plays out, especially if tariff escalation becomes reality. The macro picture gets messier, and that usually has downstream effects on asset correlations and market dynamics.