"In a social media post on Saturday, he said Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland will be hit with a 10% tariff starting on Feb. 1 that will rise to 25% on June 1, unless "Deal is reached for the Complete and Total purchase of Greenland." The announcement came after those NATO allies sent troops to Greenland this past week, ostensibly for training purposes, at the request of Denmark."
""On top of everything else, Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown," he wrote. "This is a very dangerous situation for the Safety, Security, and Survival of our Planet. These Countries, who areplaying this very dangerous game, have put a level of risk in play that is not tenable or sustainable.""
President Donald Trump threatened tariffs on Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland tied to a demand to purchase Greenland. The tariff schedule would begin at 10% on Feb. 1 and rise to 25% on June 1 unless a deal for Greenland is reached. Several NATO allies deployed troops to Greenland for training at Denmark's request, citing Arctic security concerns related to China and Russia. The administration has not ruled out using military force and has explored purchase negotiations. Estimates indicate extracting oil and rare earth minerals from Greenland could cost about $1 trillion and take decades to yield returns. A White House meeting with Danish and Greenlandic officials produced no breakthrough.
Read at Fortune
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