Frustrated with Trump's U.S. policy, Greenland rethinks investment alliances and considers China as an alternative
Greenland seems to be rethinking where it can get foreign investment, as the White House's foreign policy under US president Donald Trump's administration has led other countries to step away from ties with the United States and seek an alternative, as per a report.
There are many reasons for countries like Greenland to reconsider their alliance with the US, like Trump's move to rename the Gulf of Mexico to the Gulf of America, threatening Canada will become the US' 51st state, making bids to bring Greenland under the US' control and the tariff trade war with its trading countries, as per Fortune.
America First or America Alone?
JPMorgan Chase CEO Jamie Dimon has even questioned if Trump's 'America First' policy may end up as 'America alone', reported Fortune.
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According to Fortune, one of the main concerns is that America's economic and military allies may go against the United States and instead consider going to another foreign powerhouse like China for support.
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Greenland's Call for Diverse Investment Partners
During an interview with Financial Times, Greenland's minister for business and mineral resources, Naaja Nathanielsen said, 'We want to develop our business sector and diversify it, and that requires investments from outside,' as quoted in the report. In the interview, when Nathanielsen was asked if that might include working with China, she responded, saying, 'We do want to partner up with European and American partners. But if they don't show up I think we need to look elsewhere,' quoted Fortune.
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Greenland's Mixed Feelings on US Engagement
She also pointed out that, 'We sort of hoped that the Trump administration would be more willing to engage in dialogue with Greenland about the mineral sector development. We got a bit more than we asked for because we have no wish to be American,' as quoted in the report. The minister added that the US president's remarks about getting Greenland into America are 'disrespectful and distasteful,' reported Fortune.
FAQs
Why is Greenland reconsidering its investment partners?
Due to uncertainty and frustration with US policies under President Trump, Greenland is looking at alternative options for investment.
Is Greenland open to working with China?
Yes, Greenland is open to considering China if traditional partners don't step up with investment.
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