Is the Effort to Buy Greenland Canceled?

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Posted: Aug 21, 2019 11:30 AM
Is the Effort to Buy Greenland Canceled?

Source: (AP Photo/Evan Vucci)

UPDATE:

***Original post***

After plans for the United States to reportedly make an attempt to buy Greenland leaked earlier this week, Danish Prime Minister Mette Frederiksen stated the territory isn't for sale but is open for business. 

In response, President Trump just cancelled a meeting with Frederiksen.

Earlier this week, he tweeted this:

In all seriousness, the move to acquire Greenland is a way for the United States to combat the Chinese and Russians as they become more aggressive in the Arctic. It's not only a strategic location, but is ripe with natural resources and rare earth minerals. Also, other Presidents have floated the idea. 

A Chinese government-backed group’s offer last year to build three new international airports on Greenland sparked alarms in Copenhagen and Washington.

The Chinese plan was finally nixed in exchange for Danish funding and a pledge of support from the Pentagon.

Trump is not the first US president to consider such an offer – the Truman administration reportedly offered Denmark US$100 million for Greenland’s purchase after World War II.

In 1917 Denmark sold off the then Danish West Indies islands for US$25 million to the United States, which renamed them the United States Virgin Islands.

Greenland has been essential to US defence since that war when it was a base for monitoring Nazi ships and submarines passing through the “Arctic Avenue”, the sea gateway to the north Atlantic.

Is President Trump really walking away from Greenland? Or is this the beginning of the "art of the deal"?