Greenland Acquisition Could Cost US Up To $700 Billion, Officials Oppose Trump's Plan
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Moneycontrol•15-01-2026, 12:02
Greenland Acquisition Could Cost US Up To $700 Billion, Officials Oppose Trump's Plan
- •Acquiring Greenland could cost the US up to $700 billion, according to internal estimates reported by NBC News.
- •President Trump views Greenland as a strategic Arctic buffer against rivals, with a White House official confirming Secretary of State Marco Rubio is preparing a purchase proposal.
- •Greenlandic and Danish officials, including Foreign Minister Vivian Motzfeldt and Prime Minister Jens-Frederik Nielsen, firmly oppose any US acquisition, emphasizing their ties to Denmark, NATO, and the EU.
- •Experts warn costs could exceed $700 billion, with Greenland's mineral resources alone valued at $4.4 trillion; total acquisition estimates could reach $2.8 trillion.
- •Trump's interest is driven by national security concerns, fearing Russian or Chinese influence if the US doesn't act, despite 85% of Greenlanders opposing joining the US.
Why It Matters: Trump's plan to acquire Greenland faces a potential $700 billion cost and strong opposition from Denmark and Greenland.
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