"Gary Cohn, IBM's vice chairman and a former director of the White House National Economic Council during Trump's first term, told the BBC that "Greenland will stay Greenland," adding that there is broad political consensus in Washington against any attempt to seize control of the island. He linked Trump's recent comments to US interest in securing access to critical minerals rather than to a genuine push for ownership."
"Separately, US Treasury Secretary Scott Bessent sought to play down concerns over potential trade measures linked to Greenland, urging people to "relax" and "let things play out." Speaking at the World Economic Forum in Davos, Bessent compared the reaction to Trump's latest remarks with the response to tariff threats made last year, arguing that the current situation was being misunderstood."
"He warned that "invading an independent country that is part of Nato" would be "over the edge," underscoring the limits of what the US could realistically pursue. He added that Trump's statements about Greenland may be part of a broader negotiating strategy. "I just came from a US congressional delegation meeting, and I think there's pretty uniform consensus with both Republicans and Democrats that Greenland will stay Greenland," Cohn said."
Greenland will remain under Danish control; there is broad political consensus in Washington against any attempt to seize the island. US interest in Greenland centers on securing access to critical minerals and increasing military presence, given growing security concerns in the North Atlantic and Arctic. Business leaders are taking the issue seriously, and suggestions of annexation are considered beyond acceptable limits because Greenland is part of NATO. US officials have urged calm over potential trade responses, comparing current reactions to prior tariff threats and encouraging observers to relax and let developments unfold.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]