Treasury Secretary Scott Bessent dismissed Denmark as “irrelevant” on Wednesday after its pension operator threatened to pull its investments from the United States.

As the European Union continues to search for a response to President Donald Trump’s desire to acquire Greenland and the resulting tariffs, Denmark’s pension operator, AkademikerPension, announced on Tuesday that it would be selling $100 million in U.S. Treasury bonds, which investing chief Anders Schelde ascribed to “poor [U.S.] government finances.” Bessent hit back at the decision at a World Economic Forum press conference, saying the move wouldn’t do anything.