President Trump speaking at World Economic Forum in Switzerland

President Donald Trump is speaking at the World Economic Forum in Davos, Switzerland, on Wednesday and addressing the European nations he has threatened to punish if they don't support his plans for the United States to take over Greenland.

Trump originally said he would speak about affordability, but his cost-of-living speech could be overshadowed by European allies' frustrations with the threat of more tariffs unless they negotiate a transfer of the semi-autonomous territory owned by NATO ally Denmark. Trump said the tariffs would start at 10% next month and climb to 25% in June.

The U.S. president also warned Europe against retaliatory action for the new tariffs.

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