President Donald Trump spoke at the World Economic Forum in Davos as geopolitical concerns escalated over his increasingly aggressive stance on Greenland, an autonomous territory under Denmark.
Trump refused to rule out military use and threatened tariffs on European allies, triggering a market plunge and concerns about a possible diplomatic and trade conflict.
US officials tried to calm markets by insisting that trade deals with Europe remained intact and that Trump's threats were part of a negotiating strategy.
Meanwhile, Greenlanders and European leaders have openly opposed the idea of a takeover, while European countries have begun considering economic retaliation.
The tensions come as NATO faces internal challenges, as Greenland is a territory of the alliance and the US itself has a military presence in the region.
The Greenland issue has become a symbol of a shift in US foreign policy, with potentially far-reaching implications for geopolitical stability and the global economy.
At the time of writing, President Donald Trump said in Davos that the US economy is in a much stronger position than ever before.
Trump claimed that core inflation was low while economic growth was increasing significantly, supported by strong stock market performance.
He stated that his administration's policies had increased the value of people's savings and attracted large investments into the country.
Trump also emphasized regulatory cuts and tax changes aimed at accelerating business investment.
In addition, he defended the use of tariffs as a tool to reduce the United States' trade deficit.
