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But the trip has fueled speculation about what exactly his father’s plans are for this Arctic territory.

In December, Trump revived calls made in his first presidency for US ownership of Greenland, calling it “an absolute necessity.” Asked at a Tuesday news conference whether he would rule out using “military or economic coercion” to gain Greenland — or Panama, which Trump has also expressed desire to own — the president-elect responded, “No, I can’t assure you on either of those two, but I can say this: We need them for economic security.”

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Greenland is the world’s largest island and home to more than 56,000 people. A former Danish colony and now an autonomous territory of Denmark, it occupies a unique geopolitical position, sitting between the US and Europe. Its capital city Nuuk is closer to New York than it is to Denmark’s capital Copenhagen.

It’s long been seen as key for US security, especially to repel a potential attack from Russia, said Ulrik Pram Gad, a senior researcher at the Danish Institute for International Studies. The Northwest Passage shipping lane runs along its coast and the island is part of the Greenland-Iceland-United Kingdom gap, astrategic maritime region.

Top Stocks for Indian Stock Market in 2025 Smart Trading Moves ✌️【Part-Time Trading】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Trump is not the first US president to float the idea of buying Greenland. In 1867, when President Andrew Johnson bought Alaska, he alsoconsideredpurchasing Greenland. At the end of World War II, the Truman administration offered Denmark$100 million for the island, according to documents first reported on by Danish media.

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Currently China dominates global rare earth production and has alreadythreatened to restrictthe export of critical minerals and associated technologies, ahead of Trump’s second term.

“There is no question at all that Trump and his advisers are very concerned about the stranglehold that China appears to have,” Dodds told 【 - Free Stock Market Trend Analysis 】. Greenland offers a potentially rich source of these critical minerals, he added. “I think Greenland is really about keeping China out.”

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“Trump, I think, instinctively gets the idea that the Arctic is melting,” and the perceived opportunities, Dodds said. Although he cautioned, in reality, conditions along these routes are still often treacherous, and melting ice may make waters even more dangerous to navigate.

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It’s not that climate change is making Greenland’s resources more accessible, he told 【 - Free Stock Market Trend Analysis 】, but rather “more necessary.”

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“We are not for sale and will never be for sale. We must not lose our yearslong struggle for freedom,” Greenland’s Prime Minister Múte Egede wrote in a Facebookpostin late December.

Kuupik V. Kleist, a former prime minister of Greenland, said Trump was talking more to US citizens than to Greenlanders. “I don’t see anything in the future that would pave the way for a sale. You don’t simply buy a country or a people,” he told 【 - Free Stock Market Trend Analysis 】.

But Trump’s comments come at an interesting time for Greenland, Dodds said. Its Inuit-led government has recently been ramping up demands for independence from Denmark. In his new yearaddress, Egede called for the “shackles of the colonial era” to be removed.

“It’s panicking Denmark,” Dodds said, which appears to have been focusing more on its relationship with Greenland. In December, Denmark announced a huge increase in military spending for Greenland. Then, at thestart of January, the Danish royal family launched a redesigned royal coat of arms, increasing the prominence of the polar bear symbolizing Greenland.

On Wednesday, Denmark’s foreign minister said that Greenland may become independent if its residents want, but it won’t become a US state, according to Reuters.

“We fully recognize that Greenland has its own ambitions. If they materialize, Greenland will become independent, though hardly with an ambition to become a federal state in the United States,” Danish foreign minister Lars Lokke Rasmussen said.

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Greenland has been looking to boost its independence by diversifying its economy away from fishing. It opened anew airport in Nuukin November as part of plans to increase tourism. But it still relies on a roughly $500 million annual grant from Denmark, which has proved a big sticking point to independence.

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Top Stocks for Indian Stock Market in 2025 Smart Trading Moves ✌️【Part-Time Trading】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Some Greenlandic politicians have been floating the idea of a special association, similar to the one the US has with the Marshall Islands, where Greenland has sovereignty but also financial support from the US, in exchange for agreements on certain US strategic interests.

Former Prime Minister Kleist expressed heavy skepticism this kind of association could work, however. “I don’t think either that (this) is of any interest. Just think of how the US have treated its own Indigenous Peoples.”

For now, it remains unclear how far Trump will pursue his stated desire to acquire Greenland once in office. “Nobody knows if it’s just bravado, if it’s a threat to get something else, or if it’s actually something that he wants to do,” said Pram Gad.

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