HE CAN AFFORD IT –
Jan. 9, 2025 – Trump has cranked up the pressure on Danish officials to sell the strategically important North American island, turning to his go-to tactic: Threatening tariffs. Massive ones. During a press conference on Monday, Trump vowed to slap “very high” tariffs on Denmark if it doesn’t sell the island to the United States. Trump considers military force to seize Greenland.
Broadly speaking, high tariffs on Denmark might not cause significant trouble for American consumers because Denmark is not a huge trading partner with the United States. Danish goods account for less than half of 1% of total US imports However, the United States did import around $5.7 billion worth of pharmaceutical products from Denmark in 2023, according to the most recent annual United Nations trade data compiled by Trading Economics.
That figure is likely even higher for 2024 because Novo Nordisk, the Danish pharmaceutical giant, makes one of the hottest drugs on the market: Ozempic.
