Trump says ‘you’ll find out’ how far he is willing to go on Greenland
US President Donald Trump sought to keep a sense of mystery around his plans to potentially acquire Greenland after he said there was “no going back” on the campaign to take control of Greenland.
Asked how far he would be willing to go to in his pursuit of the vast Arctic island, the US president said “you’ll find out” at a White House press conference on Thursday.
Trump has not ruled out using military force to take control of Greenland, which is part of the Kingdom of Denmark.
The president added that he has “a lot of meetings scheduled on Greenland” at Davos “and I think things are going to work out pretty well”.
US stocks suffered their worst day in three months as investors took fright at Trump’s threat to take control of Greenland and impose extra tariffs on eight European states.
Wall Street’s S&P 500 closed 2.1 per cent lower on Tuesday, wiping out its modest monthly gains. The tech-heavy Nasdaq Composite fell 2.4 per cent. The dollar also dropped 0.9 per cent against a basket of six peers, while US government debt fell sharply.
US stocks notch biggest daily decline in 3 months as trade tensions rise
US stocks chalked up their biggest daily decline in three months as investors took fright at Donald Trump’s threat to take control of Greenland and impose extra tariffs on eight European states.
Wall Street’s S&P 500 closed 2.1 per cent lower on Tuesday, wiping out its modest monthly gains. The tech-heavy Nasdaq Composite fell 2.4 per cent.
Those moves marked the steepest one-day drops for the indices since October 10, when the US president threatened to hit China with huge additional tariffs.
People listening to ‘fake news’ on US economy, Trump says
Donald Trump played down his sliding approval ratings on the economy and criticisms he was making the same political mistakes as Joe Biden.
His predecessor failed to convince voters that he understood their concerns about inflation and the cost of living.
“No, I hope I don’t make the same mistake as him,” Trump said.
The US president repeatedly insisted he had inherited a “terrible mess” and that the price of consumer goods such as eggs as well as energy costs were lower under his presidency.
He said “a lot of people” were “listening to the fake news” about the economy, but added his administration could do a better job touting its economic accomplishments.
“I’m not blaming anybody. I think I blame ourselves. I think we’ve done a much better job than we’re able to promote,” Trump said.