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The Guardian // Business // Economics

Bessent urges Europe not to retaliate against Trump’s Greenland tariffs

Tuesday 20th January 2026, 9:54AM

US treasury secretary says at WEF in Davos that countries and companies should pause and ‘let things play out’Business live – latest updatesThe US treasury secretary, Scott Bessent, has urged European countries not to retaliate against the US’s trade tariffs announced over the Greenland crisis.Speaking in Davos during the World Economic Forum, Bessent said countries and companies should pause and “let things play out” after Donald Trump threatened a 25% tariff on a slew of European countries in his pursuit of the autonomous Danish territory. Continue reading...

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