Trump's Tariff Threat Over Greenland Could Drive Up Prices for Key Danish Exports

President-elect Trump has proposed steep tariffs on Denmark to pressure the sale of Greenland, potentially impacting costs of pharmaceuticals, toys, and medical devices in the U.S.

President-elect Donald Trump has threatened significant tariffs on Denmark if it refuses to sell Greenland, citing national security concerns.
Denmark is a major exporter of goods like Ozempic, Wegovy, hearing aids, and Lego toys to the United States, which could see price increases if tariffs are imposed.
Trump has not ruled out the use of military force to acquire Greenland, a strategically important Arctic territory with growing geopolitical significance.
Economists warn that tariffs could raise consumer prices in the U.S. and potentially escalate into a broader trade conflict with the European Union.
Greenland and Denmark have firmly rejected Trump’s proposal, with Greenland’s prime minister asserting the island is not for sale and belongs to its people.