Scott Bessent Urges Calm at Davos as Trump Threatens Europe With Tariffs

USA Treasury Secretary Scott Bessent urged European leaders to avoid trade retaliation during the World Economic Forum in Davos as tensions with Trump escalated.The friction follows threats from Trump to impose import taxes on eight European nations after his proposal for the USA to acquire Greenland faced opposition.While global stock markets and the dollar declined, the EU considered economic countermeasures as Greenland and Denmark rejected the tariff pressure.