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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden in Davos and Julia Kollewe

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

Scott Bessent speaks at the World Economic Forum in Davos
Speaking at the World Economic Forum in Davos, Scott Bessent accused the media of ‘hysteria’. Photograph: Markus Schreiber/AP

The 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.

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