Canadian Prime Minister Mark Carney on Tuesday strongly opposed U.S. tariffs imposed to further President Donald Trump’s ambitions of acquiring Greenland, emphasizing the need for diplomatic dialogue and Arctic cooperation.

Speaking at the World Economic Forum in Davos, Switzerland, Carney reiterated Canada’s support for Denmark’s sovereignty over Greenland, an autonomous territory, and stressed the importance of forging alliances with like-minded nations to maintain stability in the Arctic.

“Canada strongly opposes tariffs over Greenland and calls for focused talks to achieve our shared objectives of security and prosperity in the Arctic,” Carney said.

The U.S. recently threatened tariffs on European imports after several allies opposed Trump’s plan to annex Greenland. Carney highlighted the broader risks of transactionalism in international relations, warning that abandoning rules and shared values could undermine future cooperation.

Carney, who previously led both the Bank of England and the Bank of Canada, emphasized Canada’s strategy of building a “web of connections” to navigate complex relationships, including with the U.S. and China. He noted that within clear guardrails, there are significant opportunities in energy, agriculture, and financial services that are mutually beneficial.