US EditionScott Bessent Derides Greenland ‘Hysteria’ and Tells Europe Not to Retaliate After Tariffs
The EU plans �80 billion in retaliatory tariffs targeting key US exports, while the US Treasury Secretary warns such actions would be very unwise, amid ongoing trade tensions.
- On Monday the German Chancellor said the EU should respond with tariffs, and the EU is preparing about €80 billion in retaliatory tariffs targeting Boeing, Harley-Davidson, bourbon whiskey, and Levi's jeans.
- President Donald Trump threatened higher tariffs on countries blocking his effort to acquire Greenland, linking tariff threats to his Greenland interest.
- A trade war could harm growth on both sides of the Atlantic as major American tech companies including Microsoft, Google, Amazon, Meta and Apple seek European customers amid market access debates at the World Economic Forum.
- On Monday bond prices fell again as Treasury Secretary Scott Bessent warned `It would be very unwise.` and said the U.S. will not outsource hemispheric security at USA House.
- After investors sold U.S. government bonds last April, market sensitivity to tariff threats remains high amid real concern at the World Economic Forum, where President Donald Trump later softened his position.
20 Articles
20 Articles
U.S. Treasury Secretary Scott Bessent warned this Monday from the Davos World Economic Forum that it would be an “imprudence” for European countries to take trade retaliation against the tariff threats posed by President Donald Trump in relation to Greenland. In statements to journalists during the first day of the forum, Bessent defended the White House’s position and argued that the Danish autonomous territory in the Arctic is considered by Tr…
Very unwise: Trump aide warns Europe against counter-tariffs on US over Greenland
Speaking to reporters on the sidelines of the World Economic Forum annual meeting in Davos, Bessent dismissed the idea of retaliatory trade measures from Europe as tensions rise over President Donald Trump’s push to take control of the Arctic island.
In the dispute over Greenland, US finance minister Bessent warned the European states of retaliation tariffs. He considered this to be very unwise, said Bessent on the margins of the World Economic Forum in Davos.
Trump's demand for Greenland is still making a lot of headlines. Follow the developments here.
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