US President Donald Trump descended on Davos on Wednesday for a tense showdown with world leaders, as allies push back on his global order-shaking bid to seize control of Greenland.

US President Donald Trump told the world from Davos: America has a strong economy, unparalleled military might and intent to use all coercive means, if needed, to meet his objectives.

Trump earlier this month called for a one-year, 10% cap on credit card rates, setting a deadline of Jan. 20.