Trump Hails Positive NATO Call on Greenland, Plans Davos Meetings

U.S. President Donald Trump said on Tuesday he had a “very good” telephone call with NATO Secretary General Mark Rutte concerning Greenland, adding that he had agreed to meet various parties in Davos, Switzerland, at the World Economic Forum.

This comes after Trump announced tariffs on imports from European allies that oppose the United States taking over Greenland, an autonomous part of the Kingdom of Denmark.

“As I expressed to everyone, very plainly, Greenland is imperative for National and World Security. There can be no going back – On that, everyone agrees!” he said in a post on Truth Social.

European countries say this would violate a trade deal reached with Trump last year, and EU leaders are set to discuss possible retaliation at an emergency summit in Brussels on Thursday. One option is a package of tariffs on 93 billion euros ($108 billion) of U.S. imports that could automatically kick in on February 6 after a six-month suspension.

Meanwhile, U.S. Treasury Secretary Scott Bessent expressed confidence on Tuesday that the United States and European countries will find a solution over Greenland, brushing off “hysteria” about a possible trade war.

“It’s been 48 hours. As I said, sit back, relax,” Bessent told reporters on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland. “I am confident that the leaders will not escalate and that this will work out in a manner that ends up in a very good place for all.”

Asked about the prospect of a prolonged trade war between the United States and Europe, Bessent replied: “Why are we jumping there? Why are you taking it to the worst case?… Calm down the hysteria. Take a deep breath.”

He also dismissed market speculation that European governments might sell U.S. Treasury bonds they own as reserves, making it more expensive for the U.S. government to finance itself.

“(U.S. government debt) is the most liquid market, it is the basis for all financial transactions and I am sure that the European governments will continue holding it,” Bessent said.