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WorldHere's why Trump wants to buy Greenland

06:16  22 august  2019
06:16  22 august  2019 Source:   cnbc.com

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President Donald Trump has floated the idea of buying Greenland multiple times. Danish Prime Minister Mette Frederiksen has called the notion "absurd." Yet Trump ' s interest in Greenland is just the latest indication of the island' s increasing geopolitical importance. It is even drawing the eye of China.

Why does Trump want the United States to buy the world' s biggest island? Extracting Greenland ' s natural resources, however, isn't a straightforward enterprise. Much of the mining and drilling depends on global supply and demand, not to mention navigating Greenland ' s severe climate and terrain.

President Donald Trump has floated the idea of buying Greenland multiple times. Danish Prime Minister Mette Frederiksen has called the notion "absurd." It has triggered a diplomatic row of sorts.

Yet Trump's interest in Greenland is just the latest indication of the island's increasing geopolitical importance. It is even drawing the eye of China.

Greenland's strategic value is linked tightly to new North Atlantic shipping lanes opening up due to melting polar ice caps. The new lanes have dramatically decreased maritime trade travel times, which generally includes traveling through the Panama or Suez canals to circumnavigate the world.

Why America should absolutely buy Greenland

Why America should absolutely buy Greenland Never say that Donald Trump has no ideas. He's actually full of them, and many are interesting. Is there really a single red-blooded American who doesn't want us to be the first country with a Space Force? (This, I think, explains why so many fans of Andrew "Legion of Builders and Destroyers" Yang are former Trump supporters.) The president's latest scheme is reportedly buying Greenland. This is, in fact, a brilliant idea. There are a lot of reasons for this. The first is simply that Greenland is an impossibly cool place. It is the world's largest island. It has glaciers, whales, walruses, polar bears, and the mighty musk ox.

But why does he want it, and is it actually for sale? Find out here Donald Trump reportedly told aides to look into the possibility of buying Greenland . The US President wants to buy the Danish territory as it is in a crucial strategic location in case tensions with Russia rise - but admits it' s not a

So why would Donald Trump want to buy a territory that belongs to another country? Donald Trump loves building properties - and there' s plenty of space in Greenland - it' s the least densely populated country in the world. Listen to Newsbeat live at 12:45 and 17:45 weekdays - or listen back here .

Greenland, which is home to nearly 58,000 people, is the largest island in the world, and 80% of its 811,000 square miles are ice-capped. The island's residents are Danish, but they have governed by self-rule since 1979.

Greenland's largest economic drivers are fishing and tourism, but the island has drawn rising interest due to its , including coal, zinc, copper, iron ore and rare minerals. There have been expeditions to assess the extent of the nation's resources, but the true quantity is unknown.

China, which is embroiled in a trade battle with the U.S., previously showed interest in developing a "Polar Silk Road" of trade through the North Atlantic shipping lanes. China proposed building new airports and mining facilities on Greenland in 2018, but eventually withdrew its bid.

Trump just said buying Greenland would be "a large real estate deal.” He’s making a dangerous mistake.

Trump just said buying Greenland would be Nations don’t buy and sell territory any more.

So why would President Trump want to buy it? Trump has repeatedly asked advisers about The purchase of Greenland could act as a legacy for Trump similar to the acquisition of Alaska (To watch Joseph’ s track record, click here )Overall, the Strong Buy analyst consensus rating on Myovant comes

"If they [the US] buy Greenland , they would just move people around and build it up with military bases "Then it turned out that he wanted to buy it from Denmark, as if Greenland is the property of Denmark," he told the BBC. Donald Trump and Greenland : Why would he want to buy it?

"If [China were to] have a significant investment in a country that is so strategically important for so many countries, they would have influence there," said Michael Sfraga, director of the Polar Institute at the Wilson Center.

"If you invest a lot in a small island country, you could have a lot of sway there."

Denmark has "publicly expressed concern about China's interest in Greenland," a Pentagon report warned earlier this year.

"Civilian research could support a strengthened Chinese military presence in the Arctic Ocean, which could include deploying submarines to the region as a deterrent against nuclear attacks," the report said.

Here's why Trump wants to buy Greenland© Provided by CNBC LLC Homes are seen against the backdrop of mountains on July 28, 2013 in Nuuk, Greenland.

Greenland is also in an advantageous location for the U.S. armed forces. The U.S. and Greenland have had an agreement since World War II to house American military assets on the island.

Danish Royal Says Trump's Interest Is 'Compliment for Magical' Greenland: 'Only Desirable Areas Receive Offers'

Danish Royal Says Trump's Interest Is 'Compliment for Magical' Greenland: 'Only Desirable Areas Receive Offers' Princess Antonia of Schaumburg-Lippe said that the people of Greenland "should and can decide" their destiny following the president's interest.

" Greenland is not Danish. Greenland belongs to Greenland ," Frederiksen said, according to the newspaper Sermitsiaq. "I don't want to predict an outcome, I'm just saying the president — who knows a thing or two about buying real estate — wants to take a look at a Greenland purchase."

Some Trump advisers say acquiring Greenland could be good for the US, while others called it only a "fleeting fascination" from the president, The Wall Street Journal said. Others outside the White House say Trump ' s interest could be a desire to secure a legacy achievement, the paper reported

Thule Air Base, America's northernmost Air Force base, has operated since 1943 in Greenland and has a ballistic missile early warning system and satellite tracking system.

Trump's administration is not the first to make an inquiry about buying the island. President Harry Truman expressed desire to acquire the island in 1946 for $100 million in gold, and earlier attempts to buy the island stretch back to 1867.

While the world's most powerful nations are looking to get a leg up in the North Atlantic and Arctic regions, experts caution that there could be a dire impact on the area.

"There are economic opportunities similar to Greenland across the Arctic," said Heather A. Conley, senior vice president for Europe, Eurasia and the Arctic at the Center for Strategic & International Studies.

The region is home to "some of the largest iron ore and zinc mines in the world," she said, but "there is a cost to the exploration, a cost to the environment and the people who live in the Arctic and Greenland."

Read More

Trump might not be able to buy Greenland, but he could open a consulate there.
There hasn't been a U.S. consulate in Greenland in decades.

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