Trump says Greenland agreement still being negotiated

Kitco Media
By Reuters
Published:
Updated:
Reuters
Trump says Greenland agreement still being negotiated teaser image

Jan 22 (Reuters) - President Donald Trump said the details of a U.S. agreement over Greenland were still being worked out on ​Thursday, speaking one day after he stepped back from a tariff ‌threat and ruled out the use of force to seize the Danish territory.

Trump, in an interview on Fox Business Network from Davos, also acknowledged the impact of his quest for Greenland on global markets and said he did ‌not plan to pay to acquire it.

"It's really being negotiated ​now, the details of it. But essentially it's total access. It's - there's no end, there's no time limit," Trump said from the sidelines ‍of the World Economic Forum.

"I noticed the stock market went up very substantially after we announced it," he told FBN's "Mornings with Maria" program.

Asked about the possibility of Europeans ⁠selling U.S. stocks and bonds, he added: "If they do, they do. ‍But if that would happen, there would be a big retaliation on our part, ‌and ‌we have all the cards."

Trump began floating the idea of acquiring Greenland after taking office last year but stepped up his rhetoric in recent weeks, threatening a 10% tariff on eight European countries over the weekend ⁠that shook investors.

He continued ⁠his push ​in a more than hour-long speech at Davos on Wednesday before meeting with the head of NATO and announcing plans for a new deal that has yet ‍to be defined.

Asked on Thursday what he was willing to pay for the semi-autonomous territory, he added: "We're going to not have to pay anything other than the fact ​that we are building the Golden Dome."

Trump ‍said any deal would allow "total access" to Greenland, including for the military: "We're getting everything we want ​at no cost".

Reporting by Susan Heavey; Editing by Alex Richardson, William Maclean

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.