President-elect Donald J. Trump has threatened tariffs on many countries for various reasons.
Recently, he mentioned imposing high tariffs on Denmark if they refuse to allow Greenland, an autonomous territory within Denmark, to become part of the United States.
Mr. Trump argued that Greenland is needed for national security reasons.
Despite not being a major trading partner, Denmark exports goods worth over $11 billion to the United States, including pharmaceutical products like insulin and vaccines.
Denmark is home to Novo Nordisk, a pharmaceutical company known for popular drugs like Ozempic and Wegovy.
Novo Nordisk is ramping up its production in the U.S. to meet the demand for its weight loss products.
Denmark’s exports of immunological products, including drugs like Ozempic, have been growing significantly.
In addition to pharmaceuticals, Denmark also supplies the United States with hearing aids, medical instruments, fish fillets, and more.
Lego Group, a Danish company, is the world’s largest toymaker.
Lego Group manufactures its products in various countries, including Denmark, Mexico, and others.
Multinational companies like Lego could face disruptions in business due to tariff threats.
Mr. Trump’s comments about claiming Greenland, as well as other statements, have sparked controversy.
Greenland’s prime minister emphasized the country’s fight for independence.
The European Commission dismissed Mr. Trump’s Greenland claims as “hypothetical.”
Analysts suggest that Mr. Trump’s threats may be a negotiating tactic to gain concessions.
If tariffs are imposed on Denmark, the E.U. could respond collectively.
Mr. Trump has previously implemented tariffs on several countries.
Mr. Trump also reiterated his threats of tariffs on Mexico and Canada, expressing concerns about trade deficits.