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Home Business

Trump Is Eyeing Greenland. His Commerce Nominee Has Financial Ties There.

29 January 2025
in Business
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Trump Is Eyeing Greenland. His Commerce Nominee Has Financial Ties There.
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President Trump is advocating for the acquisition of Greenland to enhance the economic security of the United States, with support from investors eyeing the island’s potential for mining metals and minerals, including commerce secretary nominee Howard Lutnick, who has ties to Critical Metals Corp. If confirmed, Lutnick plans to divest his interests in Cantor Fitzgerald, his firm with investments in the mining company, and could play a role in U.S. tariff and trade policy regarding Greenland. The push for U.S. involvement in Greenland, seen as beneficial for investors, is part of broader efforts to counter China’s dominance in rare earths mining and strengthen U.S. national security.

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Tags: CommerceEyeingFinancialGreenlandNomineeTiesTrump
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