DAVOS: US Treasury Secretary Scott Bessent said on Wednesday he was not concerned about any sell-off in US Treasuries related to the Trump administration’s threats to impose tariffs on European allies opposing US efforts to acquire Greenland.
Bessent played down criticism from European leaders of Washington’s designs on Greenland, and whether the issue could spark a sell-off in US Treasuries by institutional investors in Europe, such as pension funds in Denmark and elsewhere.
“Denmark’s investment in the US Treasury bonds, like Denmark itself, is irrelevant,” Bessent told reporters on the sidelines of the World Economic Forum annual meeting in Davos, describing Danish investment in US Treasuries as small.