U.S. Treasury Secretary Scott Bessent has expressed confidence that Europe will not escalate tensions with Washington over President Donald Trump’s controversial push to acquire Greenland. Speaking on the sidelines of the World Economic Forum in Davos, Bessent said he believes European leaders will seek de-escalation and that the dispute will ultimately be resolved in a way that benefits all sides. The remarks come amid renewed friction after Trump linked his Greenland ambitions to not receiving the Nobel Peace Prize and hinted that he no longer thinks “purely of peace.” While stopping short of confirming military action, Trump has again threatened to impose tariffs on European nations if negotiations fail, raising fears of a fresh transatlantic trade war.