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Donald Trump repeated during his hour-long speech at Davos on Wednesday he wants the US to acquire Greenland.
09:14, Thu, Jan 22, 2026 Updated: 09:38, Thu, Jan 22, 2026
Donald Trump wants the US to acquire Greenland (Image: Getty)
Finnish President Alexander Stubb has warned the crisis over Greenland "is not over yet" - although he acknoledged US President Donald Trump ruled out a military action against the Danish territory.
After Trump's speech in Davos, despite admitting the situation "de-escalated," Stubb laid out the three possible scenarios — "the good, the bad, and the ugly," Euronews reported.
"The good would be to find an off-ramp and create a process to improve Arctic security through NATO. The bad one would be to have a tariff war continue, and the ugly one would have been military intervention," he said.
He also said an American military seizure or takeover of Greenland is off the table, and added "we've now de-escalated, but obviously it's not over yet."
Donald Trump spoke at the World Economic Forum in Davos, Switzerland, yesterday (January 21). (Image: Getty)
After threatening to annex Greenland for weeks, yesterday Trump said "we need Greenland for strategic national security and international security".
"The island is part of North America, it is our territory. It is the US alone that can protect this great piece of ice and make it that it is safe and good for Europe," he also said. While he confirmed he is "seeking immediate negotiations to discuss the acquisition of this territory," he also said "I don’t have to use force, I don’t want to use force, I won’t use force,” seemngly ruling out a military intervention.
Prime Minister Keir Starmer said he would stand up to Trump over threats to annexe Greenland. Starmer, who will host his Danish counterpart Mette Frederiksen today (Thursday, January 22), said he “will not yield” in his stance over the Arctic island.
“I have made my position clear on our principles and values. The first of those is that the future of Greenland is for the people of Greenland and the Kingdom of Denmark alone. The second is that threats of tariffs to pressurise allies are completely wrong,” he said yesterday.
Trump has threatened to hit Britain and other European allies with 10% tariffs from February 1 unless they agree to his purchase of Greenland. The figure would have jumped to 25% from June 1 until a deal was reached, but then the US President announced he is dropping his threats after claiming to have reached a breakthrough with NATO over Greenland.
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"Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic region," he said on Truth social media.
"Additional discussions are being held concerning The Golden Dome as it pertains to Greenland. Further information will be made available as discussions progress," he added.
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