DAVOS, Switzerland – At the World Economic Forum on Monday, US Treasury Secretary Scott Bessent issued a stern warning to European nations considering retaliatory measures against President Trump’s proposed tariffs targeting Greenland’s sovereignty. Bessent characterized potential countermeasures as “highly unwise” during his press briefing at the Swiss resort.
The treasury official articulated the administration’s position that Greenland represents a “strategic asset” critical to American hemispheric security interests. “We are not prepared to outsource our security to any other nation,” Bessent stated emphatically, drawing historical parallels to previous US territorial acquisitions.
Addressing questions about Trump’s controversial communication with Norway’s prime minister – which appeared to connect the Greenland initiative to the Nobel Peace Prize – Bessent dismissed such connections as “complete canards.” He maintained that the administration’s motivations were purely strategic rather than personal.
The controversy stems from Trump’s weekend announcement imposing 10% tariffs on eight European nations – including Britain, Germany, France and Scandinavian countries – effective February 1. These measures would remain until Denmark agrees to transfer control of its autonomous territory.
European leaders have denounced the strategy as economic “blackmail,” with Germany’s Vice Chancellor Lars Klingbeil confirming that continental countermeasures are in development. Bessent remained uncompromising, urging observers to “take President Trump at his word” regarding the administration’s determination.
The treasury secretary emphasized Greenland’s geopolitical significance, particularly its substantial rare earth mineral deposits essential for advanced technologies. He expressed concerns about Chinese influence, noting Beijing’s existing mining operations on the island and potential future leverage over Danish policies.