Treasury Secretary Scott Bessent on Wednesday offered some biting words about Denmark, which maintains territorial control over Greenland, after the European country’s pension fund announced it would unwind its investment in US government bonds.

Denmark faces a potential US threat over Greenland, highlighting NATO’s limits in protecting members from each other. The alliance’s Article 5 only covers external attacks, leaving Denmark vulnerable if an ally turns adversary.

Stephen Miller, Donald Trump's Deputy Chief of Staff, argued for U.S. control over Greenland, stating "Denmark is a tiny country with a tiny economy and a tiny military. They cannot defend Greenland.",

Representatives for the World Economic Forum, which kicks off today in Switzerland, have confirmed to Bloomberg that Danish officials will not be attending despite being invited, as tensions over U.S. interest in acquiring Greenland intensify.