Scott Bessent says U.S. is unconcerned by Treasury sell-off over Greenland, calls Denmark ‘irrelevant’

[https://www.cnbc.com/2026/01/21/bessent-davos-denmark-greenland-treasuries.html](https://www.cnbc.com/2026/01/21/bessent-davos-denmark-greenland-treasuries.html)

U.S. Treasury Secretary Scott Bessent sat down with CNBC at Davos to defend President Trump’s latest push to acquire Greenland, calling the island a vital piece of the puzzle for a new national missile defense system. He brushed off the recent market chaos caused by Trump’s threat to slap 10% to 25% tariffs on several European allies if they don’t help make the deal happen. Even though some international investors started dumping U.S. Treasuries in response, Bessent claimed the idea of a global selloff is just a false narrative. He insisted that U.S. debt is still the safest bet around and urged world leaders to stay cool while the administration focuses on shoring up national security.