The prime minister also tells the US president that security in the Arctic remains a priority "for all Nato allies".

Scott Bessent's comments came a day after President Donald Trump said he would impose tariffs on European countries that reject his push to control Greenland.

Gold and silver prices climbed fresh peaks on Monday, as investors flocked to safe-haven assets on intensifying tensions, after U.S. President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

China has reported its economy expanded at a 5% annual pace in 2025, buoyed by strong exports despite U.S. President Donald Trump’s tariffs.

The prime minister will face questions on the government’s approach to dealing with the increasingly volatile US administration in the wake of Donald Trump’s fresh tariff threats

Bessent's comments come one day after Trump said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland.

Trump threatens tariffs on Denmark and European allies to pressure negotiations over Greenland acquisition, with rates potentially rising to 25% by June.

One local coffee bean company said its costs had skyrocketed by up to $75,000 since tariffs were imposed in 2025.