President Donald Trump will speak on Wednesday World Economic Forumaddress the audience directly set aside with its increasing aggression towards allied territory Greenland.
Trump’s speech is scheduled to begin at 8:30 a.m. ET. The call will include meetings with other world leaders attending a five-day summit in Davos, Switzerland, the White House said.
Trump, who faces a tough midterm election cycle fueled by concerns about Americans’ cost of living, has previously said he would speak about the adoption proposals in Davos. housing is more affordable.
But it is his increasingly belligerent stance toward Europe, as he and his administration seek to wrest Greenland from Denmark, that has already taken center stage.
Trump and his aides have refused to deny this use of the American military Over Greenland. The president recently said he would raise tariffs on a number of key European allies before the Arctic island sales deal is signed.
US markets fell In the first trading session since Trump’s latest tariff threat.
U.S. officials spoke in Davos on Tuesday ahead of Trump’s arrival, trying to calm fears about the president’s actions.
“Everybody take a deep breath,” Treasury Secretary Scott Bessent told CNBC’s Joe Kernen. “Don’t give up…President Trump has a strategy here. Listen to it and everything will be fine.”
Commerce Secretary Howard Lutnick told CNBC that “Money carriersAmerica’s “tariff deals, trade deals with Europe, Britain — it’s long and permanent.”
“You can fight with your allies. You can disagree with your allies. That doesn’t stop them from being your allies or major trading partners,” Lutnick added.
Trump said at the White House before leaving for Davos: “We have a lot of meetings planned in Greenland and I think everything will go well.”
His expansionist actions caused alarm and discontent among European leaders and citizens.
“People are worried, scared, people are confused,” Greenland’s Minister of Business and Mineral Resources Naaja Nathanielsen told CNBC on Tuesday when asked how residents felt about Trump’s actions.
This assessment coincides with the last period questionnairesit shows the resistance of the people of Greenland to the US assimilation and the protests that have arisen to cooperate with the territory.
This was announced by the delegation from Greenland and Denmark after meeting with the vice president J. D. Vance and Secretary of State Marco Rubio they have a “fundamental disagreement” with the Trump administration.
But Trump, who has long sought to make Greenland part of the United States, has so far refused to take no for an answer.
Trump considers Greenland a vital US national security asset due to threats in the Arctic from Russia and China.
In a geopolitical upheaval, some European allies have increased their military presence in Greenland, angering Trump.
Greenland is an autonomous territory within the Kingdom of Denmark, a member of NATO, Europe’s long-standing military alliance with the US and Canada. The cornerstone of the alliance is the agreement that an attack on any member is considered an attack on all of them.
Despite this, and despite the fact that the US has a military base in Greenland, Trump insists that only a full buyout can guarantee security in the region.
“China and Russia want Greenland and Denmark can’t do anything about it,” Trump wrote on Truth Social on Saturday.
In the same memo, Trump said he would impose tariffs on imports from eight NATO members, including France and Britain, in retaliation for the deployment of troops to Greenland. The new tariffs will start at 10% next month and rise to 25% in June, Trump wrote.
Those European countries are now considering imposition major economic countermeasures to the US in response.
“Tariff threats will not be tolerated… Europeans will respond in a united and coordinated manner if they are confirmed,” the French president said. Emmanuel Macron said saturday “We will ensure that the sovereignty of Europe is preserved.”
Since then, Trump’s attitude towards Macron has seemed to sour.
When asked to respond to report this Macron did not join Trump threatened to shut down the so-called “Peace Council,” which aims to resolve the conflict in Gaza. 200% tariff on French wine.
“Nobody wants him because he’s going to be out of office soon,” Trump added.
Trump also said that he invited the Russian president Vladimir Putin join that council.
On Tuesday morning, Trump took to social media to share a clear screenshot of a text message from Macron in which he wrote that he did not understand the US leader’s strategy on Greenland.