U.S. President Donald Trump sharply criticized a number of current and former political leaders at the World Economic Forum in Davos.

Trump has repeatedly argued that the U.S. needs Greenland for national security. This week, he seemed to confuse it with Iceland.

President Donald Trump’s Wednesday speech at the World Economic Forum in Switzerland was filled with inaccurate claims – notably including false and misleading statements about NATO and Greenland, the self-governing Danish territory he is pushing for the US to acquire.

Trump said "Iceland" when he appeared to mean "Greenland" four times in his speech. Leavitt later denied he mixed the names up.

Follow live coverage from NBC News as President Donald Trump launches his Board of Peace at Davos and Denmark, Greenland respond to the framework deal with NATO to cancel tariffs.

Investors appeared to have gotten through to President Donald Trump about the risk posed by his designs for Greenland with a message he wasn't hearing from European leaders: Threatening allies with tariffs and land seizure isn't exactly the type of policy that generates confidence in the global economy.

By Steve Holland, Stine Jacobsen and Janis Laizans DAVOS, Switzerland/COPENHAGEN/NUUK, Jan 22 (Reuters) - U.S. President Donald Trump's abrupt climbdown on using tariffs as a weapon to seize Greenland brought relief on Thursday,