<div id="readability-page-1"><div>By Jon SindreuDonald Trump’s designs on the Danish island raise the question of whether Europe could retaliate by offloading its $14 trln of US securities. But that number reflects years-long trade imbalances. It makes more sense to focus on cutting reliance on US consumers and technology.Full view will be published shortly.Follow Jon Sindreu on X and LinkedIn. CONTEXT NEWSDanish pension fund AkademikerPension on January 20 said it would sell its holding of U.S. Treasuries, worth some $100 million, by the end of this month, blaming weak U.S. government finances.AkademikerPension said the decision was not intended as a political statement linked to the rift between Denmark and the United States over Greenland.U.S. Treasury Secretary Scott Bessent said on January 21 that &#34;Denmark's investment in the U.S. Treasury bonds, like Denmark itself, is irrelevant,&#34; according to a Reuters report. Bessent was speaking to reporters on the sidelines of the World Economic Forum annual meeting in Davos. </div></div>

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The article discusses the implications of Denmark's potential response to U.S. interest in Greenland, particularly regarding the sale of U.S. securities. Danish pension fund AkademikerPension plans to sell $100 million in U.S. Treasuries, citing weak U.S. finances, but clarifies that this is not a political move related to U.S.-Denmark tensions. U.S. Treasury Secretary Scott Bessent downplayed Denmark's investment in U.S. bonds, calling it irrelevant.

EU ‘Sell America’ Greenland riposte is a fantasy