Donald Trump’s treasury secretary has dismissed Denmark as “irrelevant” in his administration’s latest attack on a traditional US ally, as world leaders in Davos prepare for the president’s arrival in the Swiss ski resort. “The size of Denmark’s investment in US Treasury bonds, like Denmark itself, is irrelevant,” Mr Bessent declared. Mr Bessent told reporters that the CEO of the German bank had called to say it does not stand by the findings of the report. Mr Trump is due to address WEF on Wednesday afternoon but Mr Bessent suggested the president was “likely to be three hours late”. Let me know if you need any further clarification,” Mr Bessent said.

Source: Irish Examiner January 21, 2026 14:28 UTC