Overview
- In a World Economic Forum address, President Donald Trump said he will not use military force to acquire Greenland.
- Trump reiterated plans to levy new tariffs on eight European allies starting at 10% next month and rising to 25% in June if no agreement on Greenland is reached.
- European Commission President Ursula von der Leyen warned of an unflinching, united and proportional response, while leaders including Emmanuel Macron and Mark Carney publicly criticized the U.S. approach.
- Investor nerves showed in a sharp selloff for major U.S. stock indexes and a move by Danish pension fund AkademikerPension to sell about $100 million in U.S. Treasurys.
- Diplomatic talks involving U.S., EU, NATO, Denmark and Greenland officials continued in Davos without a deal, as the EU weighed tools such as its anti‑coercion instrument.