Davos. US President Donald Trump is going to reach Davos in a few hours. The whole world is watching Trump’s arrival in Davos, where he can make a statement on the threat of imposing tariff on Greenland and European countries. The issue of deteriorating US-Europe relations, Greenland and the threat to the existing global order is dominating the Global Economic Conference being held in Davos. There is an atmosphere of concern all over the world regarding these issues, but US Finance Minister Scott Bessant condemned Europe’s concern regarding the tariff.
US Treasury Secretary criticizes Europe
- US Treasury Secretary Scott Bessant criticized Europe when asked about Europe’s anger over Trump’s tariff threat.
- Scott Bessant appealed to the European Union to wait for Trump to arrive in Davos and said that once European countries hear Trump’s concerns about Greenland, they will also agree.
- The Finance Minister may be downplaying Europe’s threat, but the US market saw a major decline after Trump threatened tariffs on European countries.
- Every sector saw declines. The S&P fell 143 points to 6,796, its biggest drop since October. However, the US Treasury Secretary said he was not at all concerned.
Comments are closed.