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'This is crazy': Europe weighs how to deal with Trump's Greenland threats

Donald Trump spoke at the White House on the first anniversary of his inauguration. (Reuters: Jessica Koscielniak)

Donald Trump's escalating rhetoric on a US takeover of Greenland has dominated discussion at the World Economic Forum in Switzerland.

The US president said he was confident of a resolution that would make NATO "happy", but when he was asked how far he would go to acquire the Danish territory, would only say: "You'll find out."

Mr Trump is due to address the World Economic Forum on Wednesday, local time. European leaders will hold an "emergency summit" in Brussels the following day.

America's rattled European allies are debating how to stand up to Donald Trump after he escalated his threats to take over Greenland and pledged to punish its supporters with tariffs.

Wall Street sees worst day since October after Trump tariff threats

Sell-off hits US stocks in first trading day since president threatened tariffs against eight countries

Stock markets fell on both sides of the Atlantic on Tuesday, with Wall Street suffering its worst day since October, as investor concerns persisted over the fallout from Donald Trump’s push for US control of Greenland.

The sell-off hit US stocks on the first day of trading in New York since Trump threatened new tariffs on eight European countries, after the market was closed for a public holiday on Monday. The S&P 500 closed down 2.1% while the Dow Jones finished down 1.8%.

The tech-heavy Nasdaq index fell 2.4%, with Amazon down 2.9% and Tesla and Nvidia both off more than 3%, wiping billions of dollars off their market values.

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