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.

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.

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.

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.

New alcohol tariffs — part of President Donald Trump’s push that has taxed imports — are altering what shows up on menus, what bartenders recommend, and what patrons are willing to order, turning global trade policy into something you can taste at happy hour.