Donald Trump’s threat to impose a “very high level” of tariffs on Denmark seems more like a problem for the Scandinavian country than the U.S. But American consumers in certain sectors would pay a price as well.

Donald Trump also vows to change the Gulf of Mexico's name and repeats promises to impose tariffs on Canada and Mexico.

The Danish foreign minister expressed openness to working more closely with the U.S. to ensure its interests in the region are addressed after President-elect Donald Trump said he wants to buy the Danish territory of Greenland—but the foreign minister continued to cast doubt on Trump’s idea to acquire the island.