Trump declared there is “no going back” on US control of Greenland, widening a rift with European leaders. The stance rattled markets, drew scrutiny of the UK’s position and left only a tentative prospect of talks at Davos.

Washington reaffirmed a threat to take control of Greenland, raising tensions with Europe. Copenhagen rejected pressure, and Berlin said it would not be blackmailed. The dispute risks deepening trade friction and unsettling markets, with signs of investors trimming US exposure.

Brussels is preparing €93bn in retaliatory tariffs on US goods to counter threats linked to Greenland. The plan is leverage ahead of Davos, seeking a White House climbdown and warning that continued tensions risk damaging transatlantic trade and security ties.

Downing Street condemned Trump’s plan to impose tariffs on British and EU goods as leverage to buy Greenland, calling it economic coercion. The PM will raise the issue with allies and Nato, backing Denmark’s sovereignty. Washington says levies will stay until a sale is agreed.