Topline
President Donald Trump on Thursday promised “big retaliation” for European countries if they sell U.S. Treasury bonds in response to his threats to impose tariffs on NATO partners resisting his bid to acquire Greenland.
President Donald Trump speaks after presenting the “Board of Peace” at the World Economic Forum (WEF) on January 22, 2026 in Davos, Switzerland. (Photo by Chip Somodevilla/Getty Images)
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Key Facts
Trump made the comments on the sidelines of the World Economic Forum in Davos, Switzerland, telling Fox Business, “we have all the cards.”
The Danish Pension fund AkademikerPension announced plans this week to sell $100 million in U.S. Treasury bonds after Trump doubled down on his demands to absorb the Danish territory, and the Greenland SISA Pension has said it’s also considering divesting U.S. stocks, according to Bloomberg.
Trump backed off the tariffs he threatened over the weekend after reaching a tentative deal Wednesday with NATO Secretary General Mark Rutte—though details of the plan are mostly unclear, and Trump has not directly answered questions about whether it includes the U.S. acquiring Greenland.
When Fox Business posed the question Thursday, he said, “it’s really being negotiated now, the details of it. But essentially it’s total access. There’s no end, no time limit.”
This is a developing story and will be updated.