Donald Trump is back with his controversial proposal to buy Greenland from Denmark, a move rejected by both countries previously. The article explores various estimates of how much Greenland might cost the U.S. based on historical land purchases and economic indicators.
Donald Trump is renewing his proposal for the U.S. to purchase Greenland . The president-elect first floated the idea in his first term in office in 2019. Now, with less than two weeks until his second term begins, Trump is revisiting the idea. His son, Donald Trump Jr., traveled to Nuuk, Greenland , on Tuesday with other 'representatives' of the incoming U.S. president.
Multiple politicians, including Danish Prime Minister Mette Frederiksen, have sent a clear message to Trump: 'Greenland is not for sale.' However, if it were, how much would it cost the U.S.? Some have compared the potential purchase to the U.S. purchase of Alaska from Russia in 1967. Both Alaska and Greenland have cold, arctic climates, similarly scarce population density, strategic geographic placement and a richness of oil reserves. The U.S. purchased Alaska for $7.2 million in 1967, which equates to about $153.5 million today. Greenland is about 1.5 times the size of Alaska, so by boosting that price by 50 percent, the total would come to approximately $230.25 million. Another metric is to look at previous attempts or considerations to buy Greenland. In 1946, the U.S. thought of buying the arctic island with $100 million in gold, which would equate to more than $1.6 billion today. Both of these calculations, however, come in way under what Greenland's gross domestic product was, which stood at $3.24 billion in U.S. Dollars in 2021
GREENLAND DONALD TRUMP US PURCHASE DENMARK GEOPOLITICS
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