Donald Trump's renewed push to take control of Greenland is setting off a high-stakes showdown with Denmark, a small country with surprisingly big economic power. While Denmark might not have a military capable of standing up to the U.S., it has something just as powerful—control over key products that millions of Americans rely on every day.
Trump's Greenland Obsession and Trade War Threats
Trump has long wanted to bring Greenland under U.S. control, arguing it's vital for national security.
"I'm talking about protecting the free world. You look at; you don't even need binoculars; you look outside," he said last month. "You have China ships all over the place. You have Russian ships all over the place. We're not letting that happen."
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Vice President JD Vance recently said that Trump “doesn’t care what Europeans scream at us” and refused to rule out the use of military force.
Trump's latest strategy? Tariffs. He recently threatened to impose a 25% duty on all imports from Mexico and most from Canada, along with a 10% tariff on Chinese goods. He hinted that Denmark could be next if it refuses to give up Greenland.
Denmark's response? A firm “No” backed by European allies. Greenland's prime minister made it clear: "Greenland belongs to the people of Greenland." But Denmark isn't just pushing back with words. It has economic weapons that could cause immediate pain for U.S. consumers.
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Denmark's Secret Weapons: Ozempic, Wegovy, and Shipping
Denmark may be small, but it holds the keys to critical industries that Americans depend on, especially pharmaceuticals and global shipping.
1. Novo Nordisk Could Cut Off Ozempic and Wegovy
Denmark is home to Novo Nordisk NVO, the company behind Ozempic and Wegovy, two of the most in-demand drugs in the U.S. for weight loss and diabetes treatment. With demand for those drugs skyrocketing, Novo Nordisk has been expanding production in the U.S. But the active ingredient, semaglutide, is made in Denmark. If Denmark ordered Novo Nordisk to stop supplying the U.S., the supply of the drugs in the U.S. would disappear overnight.
Millions of Americans rely on Ozempic and Wegovy, and demand is so high that the U.S. has already faced shortages. On the other hand, Novo Nordisk would likely have no issues finding plenty of customers in other markets.
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2. Maersk Could Halt U.S. Shipping
Denmark is also home to Maersk, the world's second-largest container shipping company, which transports 14.3% of the global container fleet. If Maersk were to stop shipping goods to and from the U.S., it would cause immediate chaos in supply chains.
Major U.S. ports like Los Angeles, Houston, and New York rely on Maersk for everything from electronics to clothing. Since global shipping is already near full capacity, there wouldn't be enough ships available to pick up the slack. This would drive up shipping costs and lead to shortages of everyday products in the U.S.
Beyond that, Denmark is also a major supplier of Lego toys, hearing aids, insulin, medical instruments, and pork. Tariffs or trade restrictions could send prices skyrocketing on all of these products, hurting American consumers more than Denmark.
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Trump's Tariff Pause on Mexico and Canada Adds More Uncertainty
Just days ago, Trump announced a one-month pause on tariffs against Mexico and Canada after last-minute talks. Mexico agreed to deploy 10,000 troops to its border to curb fentanyl trafficking and illegal migration, while Canada committed to tightening border security and implementing a $1.3 billion border plan.
But this pause doesn't mean tariffs are off the table. Trump is still threatening more trade wars, and Denmark and the whole EU are the next target. If Trump imposes tariffs on European exports, it would raise prices on EU goods coming into the U.S., making products like pharmaceuticals, medical devices, and food products significantly more expensive for American consumers.
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Denmark’s Economic Might is No Joke
Denmark may be a small country, but it has massive leverage over the U.S. economy. If Trump pushes too hard on Greenland, Denmark could strike back in ways that everyday Americans would feel immediately. From sky-high drug prices to shipping disruptions, Trump's threats of tariffs could backfire in a big way.
For now, Denmark is standing firm, and Greenland isn't for sale. The question is: Will Trump push Denmark too far and spark an economic war he wasn't expecting?
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