Scott Bessent, US Secretary of the Treasury, holds a speech at the USA House during the Annual Meeting of the World Economic Forum in Davos, Switzerland, Tuesday, Jan. 20, 2026. (AP Photo/Markus Schreiber)2026-01-20T08:01:23Z DAVOS, Switzerland (AP) U.S. Treasury Secretary Scott Bessent on Tuesday said Americas relations with Europe remain strong and urged trading partners to take a deep breath and let tensions driven by the Trump administrations new tariff threats over Greenland play out.I think our relations have never been closer, he said, speaking on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland.On Saturday, Trump announced a 10% import tax starting in February on goods from eight European nations that have rallied around Denmark in the wake of his stepped up calls for the United States to take over the semi-autonomous territory of Greenland. Trump has insisted the U.S. needs the territory for security reasons against possible threats from China and Russia.The American leaders threats have sparked outrage and a flurry of diplomatic activity across Europe, as leaders consider possible countermeasures, including retaliatory tariffs and the first-ever use of the European Unions anti-coercion instrument. The EU has three major economic tools it could use to pressure Washington: new tariffs, suspension of the U.S.-EU trade deal, and a trade bazooka, the unofficial term for the blocs Anti-Coercion Instrument that could sanction individuals or institutions found to be putting undue pressure on the EU. JAMEY KEATEN Keaten is the chief Associated Press reporter in Geneva. He previously was posted in Paris and has reported from Afghanistan, the Middle East, North Africa and across Europe. twitter