Published by Global Banking and Finance Review
Posted on January 6, 2026
By Steve Holland, Jeff Mason and Bo Erickson
WASHINGTON, Jan 6 (Reuters) - The White House said on Tuesday that President Donald Trump is discussing options for acquiring Greenland, including potential use of the U.S. military, in a revival of his ambition to control the strategic island despite European objections.
Trump sees acquiring Greenland as a U.S. national security priority necessary to "deter our adversaries in the Arctic region," the White House said in a statement.
"The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the U.S. military is always an option at the commander-in-chief's disposal," the White House said.
Greenland has repeatedly said it does not want to be part of the United States. Leaders from major European powers and Canada rallied behind the Arctic territory on Tuesday, saying it belongs to its people.
A U.S. military seizure of Greenland from a longtime ally, Denmark, would send shock waves through the NATO alliance and deepen the divide between Trump and European leaders.
The strong opposition has not deterred Trump from reviewing how to make Greenland a U.S. hub in an area where there is growing interest from Russia and China. Trump's interest, initially voiced in 2019 during his first term in office, has been rekindled in recent days in the wake of the U.S. arrest of Venezuelan President Nicolas Maduro.
Emboldened by Maduro's capture last weekend, Trump has voiced his belief that “American dominance in the Western Hemisphere will never be questioned again,” and put pressure on both Colombia and Cuba.
He has also started talking about Greenland again after months of having put it on the back burner.
A senior U.S. official, speaking on condition of anonymity to discuss internal deliberations, said Trump and his advisers are discussing a variety of ways to acquire Greenland.
Those options include the outright U.S. purchase of Greenland or forming a Compact of Free Association with the territory, the official said. A COFA agreement would stop short of Trump's ambition to make the island of 57,000 people a part of the U.S.
The official did not provide a potential purchase price.
"Diplomacy is always the president’s first option with anything, and dealmaking. He loves deals. So if a good deal can be struck to acquire Greenland, that would definitely be his first instinct," the official said.
The Wall Street Journal reported that Secretary of State Marco Rubio told lawmakers that recent administration threats against Greenland did not signal an imminent invasion and that the goal is to buy the island from Denmark.
U.S. Representative Don Bacon, a Republican, called on the Trump administration to stop openly coveting Greenland.
"The way we are treating them is really demeaning, and it has no upside," Bacon told CNN on Tuesday.
Administration officials say the island is crucial to the U.S. due to its deposits of minerals with important high-tech and military applications. These resources remain untapped due to labor shortages, scarce infrastructure and other challenges.
“It’s not going away,” the official said about the president's drive to acquire Greenland during his remaining three years in office.
(Reporting by Steve Holland, Jeff Mason and Bo Erickson; Editing by Colleen Jenkins and Lisa Shumaker)
Foreign currency refers to the money that is used in other countries, which can be exchanged for the local currency. It is essential for international trade and investment.
Investment is the act of allocating resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization. It includes managing funds, investments, and financial reporting.
Explore more articles in the Finance category
