The prime minister also tells the US president that security in the Arctic remains a priority "for all Nato allies".

The FTSE 100 and European stocks fell as markets opened on Monday, with yet more uncertainty on deck, as president Donald Trump laid out new potential tariffs on countries support

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.

China has reported its economy expanded at a 5% annual pace in 2025, buoyed by strong exports despite U.S. President Donald Trump’s tariffs.

Eight NATO nations – including Denmark, of which Greenland is an autonomous territory – slammed Trump's latest tariffs as "dangerous" to transatlantic relations in a statement. In a Truth Social post on Jan.

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

Bessent's comments come one day after Trump said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland.

One local coffee bean company said its costs had skyrocketed by up to $75,000 since tariffs were imposed in 2025.