Trump's Greenland Bid: Cash for Citizens, Global Outcry Over Strategic Acquisition Plan

World
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Moneycontrol•09-01-2026, 09:41
Trump's Greenland Bid: Cash for Citizens, Global Outcry Over Strategic Acquisition Plan
- •Trump administration considers offering $10,000-$100,000 per person to Greenlanders to join the US, separating from Denmark.
- •The proposed plan, estimated at $6 billion, aims to acquire Greenland, rich in rare minerals, oil, and gas.
- •Greenland's Prime Minister Jens-Frederik Nielsen and European leaders strongly oppose Trump's "annexation fantasies."
- •Trump's interest stems from Greenland's strategic Arctic location, opening new trade routes due to melting ice, and vast natural resources.
- •The US already has a military presence; acquisition would impact global trade and military activities.
Why It Matters: Trump eyes Greenland with cash offers for citizens, sparking international opposition over its strategic resources.
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