The live today news features all about proposals for the U.S. to purchase Greenland. This is truly news that has shocked everybody, and with Trump coming to power, it may even seem possible now. This means that things have taken a serious turn, and now, there will be something out of it in today’s news.
Therefore, to read all about it in absolute detail, get started by reading this blog properly. This will be very good as you will be able to know all about the Greenland purchase in today’s news. This is why you must get started with it, and if in case, you do not know much about the Greenland issue, then do not worry, as Live Today News has got you covered.
Live Today News: Recent Trending News Greenland
Donald Trump’s plan to buy out Greenland has taken a serious turn. Republicans have started gathering support in the House of Representatives to pass a new bill authorizing the US President to enter formal negotiations to purchase Greenland.
The bill, titled ‘Make Greenland Great Again Act,’ is being circulated to gather co-sponsors. As of Monday, it already had 10 sponsors. Republican congressman Andy Ogles and congresswoman Diana Harshbarger are leading it.
This makes it official that Donald Trump, who will become US President next week, is serious about buying Greenland and making it a part of the United States. He had said it on multiple occasions in recent weeks and had even asked his advisers back in 2019 – during his previous term as President – how it could be done.
President-elect Trump has even made it clear that under his presidency, the US will not hesitate the use military and economic measures to persuade Denmark and Greenland if either of them declines a buyout option.
Trump’s Statement About Greenland
Donald Trump has said that Greenland is a matter of US national security, and Washington, under the Trump administration, will go to any extent on national security issues.
After the historic win in the November 5 US presidential election, Donald Trump’s Republican Party has a majority in both the House of Representatives and the Senate. This makes it simpler for Donald Trump to execute his plans without too many hurdles.
What Does The Draft Say?
According to the draft of the ‘Make Greenland Great Again Act,’ “Congress hereby authorizes the President, beginning at 12:01 p.m. Eastern Standard Time on January 20, 2025, to seek to enter into negotiations with the Kingdom of Denmark to secure the acquisition of Greenland by the United States.”
It further states, “Not later than five calendar days after reaching an agreement with the Kingdom of Denmark relating to the acquisition of Greenland by the United States, the President shall transmit to the appropriate congressional committees the agreement, including all related materials and annexes.”
If the bill is passed, then Donald Trump can officially and legally take action as desired to acquire Greenland as soon as he takes office after his inauguration on January 20.
Story About The Greenland
Greenland is a colony of Denmark. It is a semi-sovereign state that depends on the Kingdom of Denmark for all matters of foreign affairs and security. Denmark has controlled Greenland for centuries, even though calls for the largest island’s independence have been around for decades.
Greenland is part of Denmark’s constitution, and Copenhagen will have to amend its constitution to give Greenland its full sovereignty and freedom.
Amid Donald Trump’s threat to buy out Greenland, Denmark’s Prime Minister Mute Egede has appealed for a push for the island’s full independence. He has also said that Greenland is not for sale and that the residents of Greenland will have to make the ultimate decision about its future.
How Much Would Greenland Cost?
US President-elect Donald Trump’s desire to acquire Greenland, an autonomous territory of Denmark, comes with a hefty price tag – between $12.5 billion and $77 billion.
This estimate, provided by David Barker, a real estate developer and former economist at the New York Fed, is based on the US Virgin Islands and Alaska prices, adjusted for inflation and economic growth, as per The New York Times.
Trump’s interest in Greenland is not new, dating back to 2019 when he first suggested the US should purchase the territory. Greenland’s strategic location has been valuable to the US since the Cold War era. President Harry Truman previously offered to buy the Danish territory for $100 million in gold in 1946 – a proposal the Danes declined.
While the idea of one sovereign nation buying territory from another may seem unusual, there are precedents. The US has purchased several territories, including the Louisiana Purchase, Alaska, and the US Virgin Islands.
David Barker pointed out that Greenland’s value would increase if its role in US defence is considered, as it would correlate with the size of the US economy. But if the value is based only on minerals, the size of the economy wouldn’t matter as much.
Financial Times Report
Earlier, a Financial Times report suggested Greenland’s resources could be worth $1.1 trillion. But Mr Barker called this estimate unrealistic, saying that the US would not benefit fully from resource extraction, as companies would buy drilling and mining rights, factoring in their costs and profits.
Acquiring Greenland might not be as simple as making a purchase. Trump’s national defence concerns drive his interest in Greenland, but the island’s residents might not be eager to become part of the US. Greenland’s Prime Minister, Mute Bourup Egede, said the island is “not for sale and will never be for sale.”
Putting a price tag on a country like Greenland is complex. GDP, which measures a country’s economic output, is often used but doesn’t capture long-term potential or unmeasured resources. Greenland’s GDP is around $3.236 billion, but its value includes future growth and untapped resources like minerals and oil.
The Other Factors That should Consider
Other factors add a lot of value. This can include quality of life, infrastructure, and strategic location. Greenland has valuable unexploited resources that are not reflected in its GDP. Nikola Swann, global head of governments and multilateral at SwissThink, said the US has long maintained a military presence in Greenland, a NATO ally.
Plus, access to Greenland’s minerals like copper and lithium, critical for technology such as batteries and electric vehicles, might be a key factor for the US, Ms Swann added.
Trump has also mentioned the possibility of using military force or tariffs in negotiations, and Denmark’s growing economy, driven by pharmaceutical exports to the US, adds further leverage.
While buying national assets like the Panama Canal is easier, purchasing land or territory today is rare. National pride, democracy, and international norms make such transactions unlikely.
Greenland may have a price, but a deal would be complicated today. Everyone agrees that purchasing Greenland “would be the deal of the century,” according to Mr Barker.
Reasons Why the US Might Want to Buy Greenland?
The US might want to buy Greenland due to several reasons. Here are four of them:
A matter of minerals
Greenland’s most valuable natural resources lie in its vast mineral wealth, which holds real potential to advance its economy. Identified deposits include precious metals such as gold and platinum, several base metals such as zinc, iron, copper, nickel, cobalt, and uranium, and rare earth elements, including neodymium, dysprosium, and praseodymium.
Fears of China abroad
China’s interest in Greenland stretches back at least a decade. In 2015, Greenland Minister of Finance and Interior Vittus Qujaukitsoq visited China to discuss possible investments in mining, hydropower, port, and other infrastructure projects. China Communications Construction Company bid to build two airports, one in the capital, Nuuk, and the other in Ilulissat.
Another Chinese firm, General Nice Group, offered to purchase an abandoned Danish naval base in northeastern Greenland. At the same time, the Chinese Academy of Sciences asked to build a permanent research centre and a satellite ground station near Nuuk.
Long-standing US interest
The U.S. has had a long-standing security interest in Greenland dating from 1946, when it offered Denmark US$100 million in gold bullion for it. The Danes politely but firmly declined, with their foreign minister saying he didn’t feel “we owe them the whole island.”
Geopolitics of the Arctic
Greenland is geographically situated between the Northern Sea Route and the Northwest Passage, two Arctic shipping routes whose importance is growing as sea ice shrinks.
By around 2050, a Transpolar Sea Route will likely open through the central Arctic Ocean, passing Greenland’s eastern shores. Furthermore, the island is the basis of Denmark’s sovereignty claim to the North Pole is rivalled by claims by Russia and Canada.
Conclusion
Therefore, this is all that you need to know about Greenland news. The Greenland news is currently trending all over. This is why you must know all about live news in Greenland. On top of that, this news carries all the details about Trump and Greenland. This is why you must know all about today’s news in Greenland in detail.
FAQs
Can I watch Greenland and US live news?
Ans: Yes. You can watch Greenland and US news.
What news on live today about the US buying Greenland?
Ans: Currently, the news on the US buying Greenland has stated that Trump might be on his way to know where to stream Greenland.
Is today’s news all about Trump buying Greenland now?
Ans: Yes.
Is Trump on his way to how to get powers on Greenland?
Ans: Yes. He is on his way to gain powers to have Greenland.
Will Trump get the power to negotiate on Greenland?
Ans: Yes.
