Buying Greenland Could Cost the US $700 billion Despite initial ridicule and firm rejections from Denmark and Greenland, U.S. President Donald Trump’s aspiration to acquire Greenland is reportedly moving forward. Estimates generated by scholars and former U.S. officials suggest a potential cost of up to $700 billion for the strategically important island. Secretary of State Marco Rubio is expected to prepare a proposal for this high-priority plan, which Trump insists he will acquire “one way or the other.”

• President Trump’s idea to buy Greenland was initially met with ridicule from European leaders and the media.
• After a year of pressure, negotiations, and threats, the U.S. is now considering the acquisition.
• A report estimates the cost of buying Greenland could be as much as $700 billion.
• Denmark and Greenland officially state the territory is not for sale.
• Trump has insisted he will acquire Greenland “one way or the other” for national security reasons.
• Scholars and former U.S. officials estimated the cost as part of planning for a takeover.
• Greenland has sought-after rare-earth minerals and is strategically positioned in the Arctic.
• The estimated $700 billion is more than half the U.S. Defense Department’s annual budget.
• Secretary of State Marco Rubio is expected to prepare a proposal to buy Greenland.
• The Trump administration is pushing this plan forward despite rejections from Danish and Greenlandic officials.