U.S. President Donald Trump's pursuit of Greenland has intensified, creating a transatlantic dispute with potential financial repercussions. Speaking at a White House briefing on Tuesday, marking his second-term inauguration anniversary, Trump declared Greenland vital for national and global security.

Trump threatened to impose tariffs on goods from the United Kingdom, Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland, starting at 10 percent on February 1 and escalating to 25 percent by June, if they do not support his proposed acquisition of the Danish autonomous territory. The move comes as European leaders at the World Economic Forum in Davos cautioned that the dispute could trigger a trade war and fracture the NATO alliance.

Greenland, the world's largest island, holds strategic importance due to its location and natural resources. Trump's interest in Greenland has been a long-standing issue, escalating into a diplomatic crisis with Denmark, which has rejected the notion of selling the territory. The potential economic impact of the proposed tariffs is significant, with analysts predicting disruption to trade flows and potential retaliatory measures from European nations. The threatened tariffs could affect billions of dollars in trade between the U.S. and Europe, impacting various sectors including manufacturing, agriculture, and technology. The dispute has already rattled stock markets, with investors concerned about the potential for a broader trade conflict.