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Bessent says US-Europe relations have ‘never been closer’ despite Greenland crisis

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo DAVOS, Jan 20 : US Treasury Secretary Scott Bessent on Tuesday said America’s relations with Europe remain strong and urged trading partners to “take a deep breath” and let tensions driven by the Trump administration’s new tariff threats over Greenland “play out.” “I think our relations have never been closer,” he said, speaking on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland. On Saturday, Trump announced a 10 per cent import tax starting in February on goods from eight European nations that have rallied around Denmark in the wake of his stepped up calls for the United States to take over the semi-autonomous territory of Greenland. Trump has insisted the US needs the territory for security reasons against possible threats from China and Russia.

Bessent says US-Europe relations have ‘never been closer’ despite Greenland crisis

Credit: Dailyexcelsior

Key Highlights

  • The American leader’s threats have sparked outrage and a flurry of diplomatic activity across Europe, as leaders consider possible countermeasures, including retaliatory tariffs and the first-ever use of the European Union’s anti-coercion instrument.
  • The EU has three major economic tools it could use to pressure Washington: new tariffs, suspension of the US-EU trade deal, and a “trade bazooka,” the unofficial term for the bloc’s Anti-Coercion Instrument that could sanction individuals or institutions found to be putting undue pressure on the EU.
  • (AP) Follow our WhatsApp channel.
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Sources

  1. Bessent says US-Europe relations have ‘never been closer’ despite Greenland crisis

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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