American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Greenland under US control? Trump’s latest move raises questions

by admin December 25, 2024
December 25, 2024
Greenland under US control? Trump’s latest move raises questions

On Sunday, US President-elect Donald Trump wrote on social media website Truth Social,

“For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity.”

Trump’s renewed interest in acquiring Greenland underscores the island’s geopolitical and economic significance.

As the world’s largest island, Greenland is rich in resources like gold, silver, copper, uranium, and untapped oil reserves.

Its strategic location near the Arctic provides access to shipping lanes and potential dominance in an increasingly competitive region.

This aligns with Trump’s broader vision of enhancing US national security and energy independence, which he highlighted while announcing his choice of Ken Howery as the new US ambassador to Denmark.

Ken Howery

@KenHowery

·Follow

I am deeply humbled and honored by @realDonaldTrump’s announcement that he will nominate me to serve as the next U.S. Ambassador to the Kingdom of Denmark.

Representing our great nation abroad is a profound responsibility. I know first-hand the power of diplomacy to advance…

5:04 am · 23 Dec 2024

2.4K

Reply

Read 179 replies

Greenland’s autonomy, while under Denmark’s sovereignty, complicates any purchase attempts.

The island operates with self-rule, managing domestic affairs such as education, healthcare, and resource management, while Denmark oversees defence and foreign relations.

The Arctic’s prominence in global politics has grown as nations vie for control, with Russia already pushing territorial claims close to Greenland.

Trump’s proposed acquisition would assert US influence over these contested waters.

Trump and Greenland: not the first time

Trump’s interest in Greenland is not a new development, as the President-elect had previously expressed a desire to control the territory during his first term from 2017 to 2021.

In 2019, Trump voiced his intention to purchase Greenland, citing the country’s natural resources and strategic geopolitical position as key attractions.

However, his proposal faced strong opposition from Danish leaders, with then Prime Minister Mette Frederiksen asserting that “Greenland was not for sale.”

In retaliation, Trump canceled a scheduled meeting with Frederiksen in Denmark due to her comments regarding the proposed Greenland deal.

US interest in Greenland spans decades

The US has a history of pursuing Greenland. In 1946, President Harry Truman offered Denmark $100 million for the territory.

Interest dates back even further to 1867, illustrating a consistent view of Greenland as a valuable asset.

Historically, the US has made significant land acquisitions, including Alaska from Russia and the Louisiana Territory from France.

These purchases not only expanded US territory but also boosted its strategic and economic standing.

Trump’s ambitions for Greenland mirror these historical deals, but modern complexities—such as climate change, Arctic politics, and Greenlandic autonomy—pose challenges.

The island’s home-rule government has resisted such overtures, backed by Denmark’s firm stance against selling.

Greenland’s Prime Minister Múte Bourup Egede remains committed to the island’s sovereignty, making the prospect of a US purchase highly contentious.

A revived strategy for energy and security dominance

Trump’s focus on Greenland isn’t solely about resources; it’s also about reshaping US influence globally.

Control of Greenland could fortify the US position in the Arctic, enabling better oversight of emerging shipping routes as ice melts due to climate change.

These routes could rival traditional ones like the Panama Canal, where Trump recently demanded lower transit fees for US ships, showcasing his broader agenda of securing US interests in critical regions.

The Arctic’s energy potential is another draw. Greenland’s waters are believed to harbour significant oil reserves, which align with Trump’s “America First” energy strategy.

Ownership of these resources would reduce reliance on foreign oil and bolster domestic energy markets.

The post Greenland under US control? Trump’s latest move raises questions appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Brazil’s current account deficit hits $3.1 billion in November amid economic optimism
next post
Top five Nifty Smallcap gainers of 2024: what drove their surge?

Related Posts

Will the UK retaliate if hit by Trump...

December 6, 2024

What is the total US debt, and who...

February 10, 2025

Who is Dan Bongino? Trump names conservative commentator...

February 24, 2025

is India missing its demographic dividend? Slow growth...

November 30, 2024

Hong Kong reclaims ‘world’s freest economy’ status from...

October 17, 2024

ECB cuts rates by 25 bps as inflation...

April 18, 2025

At least 30 dead after Typhoon Gaemi cut...

August 2, 2024

Hong Kong stocks decline as investors react to...

September 16, 2024

Russian-born couple charged with spying offense in Australia

July 13, 2024

Bangladesh prime minister resigns as deadly anti-government rallies...

August 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Why Asia is quietly turning its back on US dollar

      May 11, 2025
    • President Trump floats 80% tariff on Chinese goods ahead of key trade talks

      May 11, 2025
    • UK’s Crown Estate clears offshore wind expansion to raise energy output

      May 11, 2025
    • What extended conflict between India and Pakistan could cost their economies

      May 11, 2025
    • CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

      May 10, 2025

    Categories

    • Business (2,832)
    • Investing (2,377)
    • Latest News (1,984)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved