Bessent says US-Europe relations have 'never been closer' despite Greenland crisis
Key Points:
- U.S. Treasury Secretary Scott Bessent emphasized that U.S.-Europe relations remain strong despite recent tariff threats related to Greenland, urging trading partners to let tensions "play out."
- President Trump announced a 10% import tax on goods from eight European nations aligned with Denmark, following his push for the U.S. to take over Greenland for security reasons against China and Russia.
- European leaders have responded with outrage and are considering countermeasures, including retaliatory tariffs and the EU’s Anti-Coercion Instrument, to pressure the U.S. over these threats.
- The situation has sparked protests in Greenland and caused European markets to open sharply lower, reflecting rising geopolitical and economic tensions.
- Additional friction arose as the UK defended its decision to