As US President Donald Trump primed his arrival in Davos by sowing discord with allies – ramping up threats to take control of Greenland, vowing to levy tariffs on opponents of that bid, and leaking private messages from European leaders – Beijing took the cue to position itself as an alternative global leader.

Greenland has the eighth-largest rare earth reserves in the world at 1.5 million metric tons, according to 2024 data from the U.S. Geological Survey.

President Trump announced a halt to planned tariffs on eight European nations following a new "framework of a deal" concerning Greenland and Arctic security.

President Donald Trump on Saturday threatened to slap 100% tariffs on Canadian imports if America’s second-biggest trading partner makes a trade deal with China.