Markets fall and gold and silver hit new highs after Trump’s latest tariff threat

European carmakers among hardest hit with US president's talk of Greenland-linked trade levies also pushing down the dollar

• Markets stay calm amid Trump's gambit, but long-term risks are huge

• Could the EU hit back with its big bazooka'?

European stock markets fell on Monday and gold and silver prices hit record highs after Donald Trump threatened to impose additional tariffs on eight European countries in an increasingly aggressive attempt to claim Greenland.

France's Cac fell 1.8%, while Germany's Dax and Italy's FTSE MIB were down 1.3%. In the UK, the FTSE 100 fell 0.4%.