Bessen said that the EU is difficult to quickly respond to Trump's tariffs, implying that the candidate for Federal Reserve Chair may be announced by the end of the month

On January 20th, US Treasury Secretary Vicente stated that the EU may not be able to quickly respond strongly to Trump's "Greenland tariffs" and is more likely to establish a "terrible European working group". He believes that the decision-making efficiency of the EU, consisting of 27 member states, is low and it is difficult to effectively counterattack or quickly use "anti coercion tools". Besent told reporters at the World Economic Forum in Davos, Switzerland that Washington did not take seriously the possibility of the EU using this trade weapon. In addition, Benson revealed that the next candidate for the position of Federal Reserve Chairman is expected to be announced by the end of January.