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IMF's Georgieva Says Tensions Over Greenland Could Curb Growth - Bloomberg TV
Jan 20, 2026 Latest Videos from Bloomberg Radio
International Monetary Fund Managing Director Kristalina Georgieva said it’s too early to gauge the economic impact of tensions over Greenland, though it could be a headwind for growth.
“We have run all kinds of simulations of what may happen, and what we do see in these simulations is that we deviate from keeping trade more or less on the right track, that could hold growth down,” Georgieva told Bloomberg Television on Monday in Davos, Switzerland.
“The best way forward: Find a path to agreement, and that is going to be good for everybody everywhere,” she said.
Georgieva’s comments followed a threat on Saturday from US President Donald Trump to place a 10% tariff on imports from eight European countries unless a deal is reached for the US “purchase of Greenland.” The European Union is in talks to impose retaliatory levies and other countermeasures if Trump follows through, people familiar with the discussions told Bloomberg.
The IMF on Monday boosted its outlook for global growth this year, while warning that concerns about an artificial intelligence bubble and trade and geopolitical tensions remain risks.
rench leader Emmanuel Macron attacked President Donald Trump’s trade strategy, arguing that Europe needs to develop more sovereignty to avoid “vassalization and blood politics.”
He spoke out against competition from the US “through trade agreements that undermine our export interests, demand maximum concessions and openly aim to weaken and subordinate Europe.”
This is “combined with an endless accumulation of new tariffs that are fundamentally unacceptable,” Macron said in a speech at the World Economic Forum in Davos.
Trump in recent days has leveled wide-ranging threats against his European allies, saying the US will impose damaging trade measures on countries that don’t support his bid to annex Greenland as well as crushing duties on French wine over Macron’s refusal to join his latest peace initiative.
Trump took a swipe at Macron this week for not joining his so-called Board of Peace and threatened a 200% tariff on French wine. He also published a text from Macron — addressed to “My friend” — on social media in which the French leader invited Trump to dine in Paris and meet with leaders from Ukraine, Syria, Denmark and Russia on Thursday.
The American president over the weekend announced a 10% tariff on goods from eight European countries starting Feb. 1, rising to 25% in June, unless there’s a deal for the “purchase of Greenland.” Trump levied the threat after the allies said they would undertake token NATO military planning exercises in the semi-autonomous Danish territory.
As a result of Trump’s threats, the European Union has effectively suspended the ratification of the trade deal it clinched with the US last summer. That accord, which was criticized in Europe as unfair, saw the bloc agree to remove nearly all tariffs on American products while accepting a 15% duty on most exports to the US and 50% on steel and aluminum.
Macron warned that Trump’s trade policies are undermining European export interests and “demand maximum concessions.” He urged Europeans not to accept a “neo-colonial approach.”
The French president also took a couple of thinly veiled jabs at Trump, beginning his speech by saying “it’s a time of peace, stability and predictability,” to laughs from the crowd.
International Monetary Fund Managing Director Kristalina Georgieva said it’s too early to gauge the economic impact of tensions over Greenland, though it could be a headwind for growth.
“We have run all kinds of simulations of what may happen, and what we do see in these simulations is that we deviate from keeping trade more or less on the right track, that could hold growth down,” Georgieva told Bloomberg Television on Monday in Davos, Switzerland.
“The best way forward: Find a path to agreement, and that is going to be good for everybody everywhere,” she said.
Georgieva’s comments followed a threat on Saturday from US President Donald Trump to place a 10% tariff on imports from eight European countries unless a deal is reached for the US “purchase of Greenland.” The European Union is in talks to impose retaliatory levies and other countermeasures if Trump follows through, people familiar with the discussions told Bloomberg.
The IMF on Monday boosted its outlook for global growth this year, while warning that concerns about an artificial intelligence bubble and trade and geopolitical tensions remain risks.
rench leader Emmanuel Macron attacked President Donald Trump’s trade strategy, arguing that Europe needs to develop more sovereignty to avoid “vassalization and blood politics.”
He spoke out against competition from the US “through trade agreements that undermine our export interests, demand maximum concessions and openly aim to weaken and subordinate Europe.”
This is “combined with an endless accumulation of new tariffs that are fundamentally unacceptable,” Macron said in a speech at the World Economic Forum in Davos.
Trump in recent days has leveled wide-ranging threats against his European allies, saying the US will impose damaging trade measures on countries that don’t support his bid to annex Greenland as well as crushing duties on French wine over Macron’s refusal to join his latest peace initiative.
Trump took a swipe at Macron this week for not joining his so-called Board of Peace and threatened a 200% tariff on French wine. He also published a text from Macron — addressed to “My friend” — on social media in which the French leader invited Trump to dine in Paris and meet with leaders from Ukraine, Syria, Denmark and Russia on Thursday.
The American president over the weekend announced a 10% tariff on goods from eight European countries starting Feb. 1, rising to 25% in June, unless there’s a deal for the “purchase of Greenland.” Trump levied the threat after the allies said they would undertake token NATO military planning exercises in the semi-autonomous Danish territory.
As a result of Trump’s threats, the European Union has effectively suspended the ratification of the trade deal it clinched with the US last summer. That accord, which was criticized in Europe as unfair, saw the bloc agree to remove nearly all tariffs on American products while accepting a 15% duty on most exports to the US and 50% on steel and aluminum.
Macron warned that Trump’s trade policies are undermining European export interests and “demand maximum concessions.” He urged Europeans not to accept a “neo-colonial approach.”
The French president also took a couple of thinly veiled jabs at Trump, beginning his speech by saying “it’s a time of peace, stability and predictability,” to laughs from the crowd.
