Scott Bessent's comments came a day after President Donald Trump said he would impose tariffs on European countries that reject his push to control Greenland.

Gold and silver prices climbed fresh peaks on Monday, as investors flocked to safe-haven assets on intensifying tensions, after U.S. President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland are casting a united front after Trump threatens tariffs.

Ted Cruz Goes Hard to Bat for Trump On Greenland: 'Overwhelmingly in America's National Interest' First Greenland, now Iceland? Annexation joke by Trump ally gets frosty response in the Arctic nation. The president's choice to become U.S. ambassador to Iceland has apologized for reportedly quipping about making the island the 52nd state.

Trump threatens tariffs on Denmark and European allies to pressure negotiations over Greenland acquisition, with rates potentially rising to 25% by June.

MACHADO MEETING: Trump met with Venezuelan opposition leader María Corina Machado, who presented him with the Nobel Peace Prize that she won last year. Per the Nobel Institute, a Nobel Prize can’t be revoked, shared or transferred.

Republican lawmakers are scrambling to contain President Donald Trump's threats of taking possession of Greenland, with some showing the most strident opposition to almost anything the Trump administration has done since taking office.