President Trump is addressing the gathering of world leaders, CEOs and policymakers as America's allies balk at his efforts to acquire Greenland.

"How do you justify taking over a country when, in fact, Denmark and Greenland have said they are not interested?”

The US president has backed down in the row over Greenland after threatening Europe with tariffs and the potential use of military force

President Donald Trump on Wednesday scrapped the tariffs that he threatened to impose on eight European nations to press for U.S. control over Greenland, pulling a dramatic reversal shortly after insisting he wanted to get the island "including right,