DAVOS, Switzerland, Jan 21 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he was not concerned about any sell-off in U.S. Treasuries related to the Trump administration’s threats to impose tariffs on European allies opposing U.S. 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 U.S. Treasuries by institutional investors in Europe, such as pension funds in Denmark and elsewhere.
“Denmark’s investment in the U.S. 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 U.S. Treasuries as small.
“I’m not concerned at all. Again, as Treasury Secretary, I see our Treasury auctions. We’ve had record foreign investment.”
French President Emmanuel Macron said on Tuesday that Europe would not give in to bullies or be intimidated over Greenland, and has said the European Union should consider use of its Anti-Coercion Instrument, informally known as the “trade bazooka”.
