• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

2

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

3

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

1

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

2

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

3

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
PoliticsDonald Trump

‘How stupid were we’ to give Greenland back: Trump gives history lesson about why the U.S. needs to buy back the ‘big beautiful piece of ice’

Lily Mae Lazarus
By
Lily Mae Lazarus
Lily Mae Lazarus
Reporter, News
Down Arrow Button Icon
Lily Mae Lazarus
By
Lily Mae Lazarus
Lily Mae Lazarus
Reporter, News
Down Arrow Button Icon
January 21, 2026, 12:12 PM ET
donald trump walks onstage at the world economic forum
President Trump's speech addressed lingering concerns over U.S. military force in Greenland.HARUN OZALP—Anadolu/Getty Images
Add Fortune on Google for similar content.

President Donald Trump’s pursuit of Greenland was at the center of his address to the World Economic Forum on Wednesday. The President, speaking in Davos, Switzerland, unleashed a sweeping history lesson about Greenland’s role in American security—lamenting that the United States was “stupid” to return the Arctic island to Denmark after World War II and insisting the time has come to reclaim the territory. He did clarify that acquiring the “big beautiful piece of ice” would not include military force.

Recommended Video

Framing Greenland as both a misunderstood asset and an American birthright, he told the Davos audience that during World War II, the United States “was compelled” to send forces to Greenland after Denmark fell to Nazi Germany “after just six hours of fighting,” saying U.S. troops “saved Greenland and successfully prevented our enemies from gaining a foothold in our hemisphere.” After the war, he continued, recounting history in his own terms, Washington “gave Greenland back to Denmark,” a decision he castigated in blunt terms. “How stupid were we to do that?” he said. “But we did it, we gave it back. But how ungrateful are they now?” 

Trump has repeatedly described Greenland as a core national security interest of the United States—a strategic bulwark between the U.S., Russia, and China that Washington, he claims, can uniquely defend. During his speech, he dismissed Greenland’s much-talked-about mineral wealth—including rare earths—as a secondary consideration behind strategic defenses, arguing that the island’s geographic position alone makes it indispensable to U.S. interests.

He tied his push to a centuries‑long U.S. doctrine of keeping outside threats out of the hemisphere and claimed “American presidents have sought to purchase Greenland for nearly two centuries.”  Although there is evidence of late‑19th‑century U.S. interest in the Arctic and in expanding territory (for example, Alaska), and in 1946, President Truman offered Denmark $100 million in gold to buy Greenland, there has not been a continuous line of U.S. presidents “for nearly two centuries” formally trying to purchase the island.

Punctuating his case, Trump also derided 2019 Denmark’s pledge to boost Greenland’s defenses as hollow, noting that Copenhagen once promised more than $200 million but has “spent less than 1% of that amount. There’s no sign of Denmark there,” he claimed, while stressing that he has “tremendous respect” for both Danish and Greenlandic people.

While analysis from a Danish telecom and policy consultancy notes that by mid‑2024, only about 1% of that roughly $224 million Danish pledge has actually been spent—with investments delayed and some projects slow to materialize—Denmark has since committed much larger Arctic defense packages: in 2024 and 2025 Copenhagen approved additional multibillion‑kroner programs (in the low‑billions of dollars) for Arctic vessels, drones, satellites and personnel tied directly to Greenland and the broader Arctic.

Trump denies he’ll use military force

Aside from Denmark’s economic commitments, the nation remains an obvious presence on the island. Denmark operates the Joint Arctic Command, based in Greenland’s capital, Nuuk, and maintains patrol vessels, air surveillance, and military personnel in and around Greenland. And even before the new packages, Danish naval patrols, inspection vessels, and other assets routinely operated in Greenlandic waters; further ships, drones, and infrastructure upgrades have been funded or announced in recent years.

But perhaps the most striking moment came when Trump addressed lingering fears that his push might escalate into conflict. In an apparent effort to ease those anxieties, the president told the crowd he would not use military force to seize Greenland. “We never asked for anything, and we never got anything. We probably won’t get anything unless I decide to use excessive strength and force … but I won’t do that. I don’t want to use force. I won’t use force,” Trump said.

His statements clarified remaining questions about military force, which the White House had not yet fully ruled out, with senior administration officials telling reporters that the U.S. military was “always an option.” That ambiguity fueled concern among allies, global markets, and lawmakers alike.

Concern over Trump’s position on Greenland, however, is expected to continue. Danish Prime Minister Mette Frederiksen has repeatedly rejected any notion of selling Greenland and urged Washington to respect longstanding partnerships. European leaders, from Paris to London, issued reminders that territorial claims cannot be simply negotiated away under pressure.

Members of Congress from both parties also distanced themselves from Trump’s rhetoric, emphasizing that Greenland is a partner and that any discussion of territory must honor self-determination and international law. 

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Lily Mae Lazarus
By Lily Mae LazarusReporter, News

Lily Mae Lazarus is a news reporter at Fortune.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

Trump orders Iran attack as soon as this weekend, WSJ says
PoliticsIran
Trump orders Iran attack as soon as this weekend, WSJ says
By Jennifer A. Dlouhy and BloombergJuly 31, 2026
5 hours ago
laptop
North AmericaEducation
The post-pandemic classroom is quietly ditching the laptop-for-every-kid model
By Janice Mak and The ConversationJuly 31, 2026
11 hours ago
pete
North AmericaDEI
Scouting America cuts LGBTQ+ spaces at jamboree under Pentagon pressure
By Jamie Stengle and The Associated PressJuly 31, 2026
14 hours ago
israel
North AmericaIsrael
Most Jewish Americans under 45 get the ick from Israel, polling shows
By Giovanna Dell'Orto and The Associated PressJuly 31, 2026
15 hours ago
oz
PoliticsMedicare
Trump’s gift for 25 million seniors right before midterms: Medicare drug cost hikes
By Ali Swenson and The Associated PressJuly 31, 2026
15 hours ago
u
AIcyber
Brussels responds to explosion of AI risks with a new team of 38 bureaucrats
By Sam McNeil and The Associated PressJuly 31, 2026
15 hours ago

Most Popular

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line
Retail
The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line
By Tatiana SatauaJuly 31, 2026
21 hours ago
Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
Big Tech
Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
By Alexei OreskovicJuly 30, 2026
1 day ago
Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
Personal Finance
Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
By Nick LichtenbergJuly 31, 2026
21 hours ago
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
Success
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
By Preston ForeJuly 29, 2026
2 days ago
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Retail
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
By Sydney LakeJuly 29, 2026
3 days ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
7 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.