Donald Trump confirmed he will respond strongly if European countries sell off U.S. stocks and bonds following the Greenland dispute, stressing that "the U.S. holds all the winning cards."
On Thursday, 22 Jan 2026 GMT+7, U.S. President Donald Trump announced that he would take retaliatory measures if European countries sell off U.S. stocks and bonds in response to his attempt to purchase Greenland and his pressure on NATO allies.
When asked if he was concerned that European countries might sell their U.S. stocks and bonds, Trump said, "If that happens, you know there will be a big response from our side."
"We hold all the winning cards," the president added during an interview with Maria Bartiromo from Fox Business in Davos, Switzerland.
Earlier, Denmark's pension fund, which holds sovereignty over Greenland, announced it would withdraw its investment of approximately $100 million in U.S. government bonds due to the "deteriorating financial condition of the government."
This prompted U.S. Treasury Secretary Scott Bessent to say that Denmark and its investments in the U.S. were "insignificant."
The $100 million is a very small portion compared to the U.S. bond market valued at $30.8 trillion. However, Denmark itself holds nearly $10 billion in U.S. bonds, though this investment has declined over several years from nearly $18 billion in 2021.
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Source:cnn