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President Donald Trump on Wednesday ruled out the use of force to acquire Greenland, while adding that the U.S. is seeking “immediate negotiations” to discuss its acquisition.
“People thought I would use force. I don’t have to use force. I don’t want to use force. I won’t use force,” he said during a speech at the World Economic Forum in Davos, Switzerland.
He added that the U.S. has never asked for anything nor has it ever received anything, but asserted that if it were to use force, it would be “frankly unstoppable.”
“We want a piece of ice for world protection, and they won’t give it. We’ve never asked for anything else, and we could have kept that piece of land and we didn’t. So they have a choice. You can say yes and we will be very appreciative, or you can say no and we will remember,” he said.
U.S. equities gained in Wednesday’s opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up by 0.41%, the Invesco QQQ Trust ETF (QQQ) rose 0.25%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.48%.
President Trump also referred to Greenland as a “giant piece of ice.”
“It’s the United States alone that can protect this giant mass of land, this giant piece of ice, develop it and improve it and make it so that it’s good for Europe and safe for Europe and good for us. And that’s the reason I’m seeking immediate negotiations to once again discuss the acquisition of Greenland by the United States,” he said.
The President also brought Europe’s colonial history in focus during his speech, saying that many European nations had acquired territories in the past. “If you look, some had great, vast wealth, great, vast lands all over the world,” he added.
President Trump also stated that the tariff deals entered into by other countries with the United States led to a stock market boom.
“The European Union, Japan, South Korea, they’re our partners. They’ve gotten into massive deals with us, especially on oil and gas. These agreements raised growth and caused the stock market to boom, not only in the U.S., but virtually every country that came to make a deal, because, as you’ve learned, when the United States goes up, you follow,” said President Trump.
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