The heads of state of all 27 European Union nations will meet for an "extraordinary meeting" later this week, European council president Antonio Costa said on Sunday.

"Greenland's freshwater reserves, a massive 10% of all reserves found on Earth, can mostly be understood as frozen capital, not a readily available supply," Nick Kraft, senior analyst working on water, agriculture and responsible investing at Eurasia Group, told CNBC.

In a news briefing at the World Economic Forum, Treasury Secretary Scott Bessent told people to “sit back, take a deep breath and let things play out” as President Trump’s latest tariff threats against European nations over Greenland dominated conversations in Davos, Switzerland.

President Donald Trump has shared an image, seemingly AI-edited, that shows him sitting alongside a map of the U.S. that includes Greenland, Canada and Venezuela as he speaks to European leaders.

US President Donald Trump said he had agreed to a meeting of “various parties” over Greenland at the World Economic Forum in Davos, after holding a “very good” telephone call with Nato secretary-general Mark Rutte.

The president was guarded in how far he’ll go to take control of the semi-autonomous Danish territory in an exclusive interview with NBC News.

President Donald Trump’s threat to tariff countries who oppose his campaign to annex Greenland has sparked outrage among global allies, with key world leaders vowing to “ uphold European sovereignty .” And it’s not only caused a storm in international waters, as Trump’s warning also prompted a new wave of criticism within his own party.

Donald Trump will not be able to force Greenland to change ownership, a former top adviser to the US president has told the BBC. IBM's vice chairman Gary Cohn, who advised Trump on the economy in his first term, said "Greenland will stay Greenland" and linked the need for access to critical minerals to his former boss's plans for the territory.