Post #4908

📰 Bessent to Europe: Don't Fight Back—Just Wait The Davos Deep Breath US Treasury Secretary Scott Bessent has a message for Europe at Davos: chill out. Don't retaliate against Trump's Greenland tariffs. "Sit back, take a deep breath, and let things play out," he urged, dismissing market panic as "hysteria" like last April's tariff freakout. "Very Unwise" Warning Bessent waved off Europe's €93bn retaliation list as a bad idea. "The worst thing countries can do is escalate against the United States," he warned. He laughed off Deutsche Bank's threat to dump US Treasuries: "a completely false narrative. It defies any logic." Europe holds $8tn in US debt—good luck finding buyers elsewhere. "What President Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals." Markets in Freefall Global stocks tanked—Nikkei -1.1%, FTSE 100 -1.1%, dollar -0.8%. Gold and silver hit records. Trump piled on, threatening 200% tariffs on French champagne after Macron snubbed his Gaza "peace board." LVMH shares dropped 2.4%. The Real Power Play IMF's Kristalina Georgieva begged leaders to avoid tit-for-tat wars: "It would be very good if we keep it this way." Translation: Europe's "trade bazooka" stays holstered while Trump calls the shots. Europe's choice: swallow the tariffs or watch the alliance burn. Bessent's betting on surrender. #trump#greenland#davos#tariffs#tradewar 📱American Оbserver - Stay up to date on all important events 🇺🇸