Deutsche Bank says US national debt is 'achilles heel' in Trump's Greenland threats
Fortune • • world
Key Points:
- President Trump has proposed purchasing Greenland from Denmark for national security reasons, citing concerns over Chinese and Russian interest, but Denmark has rejected the idea as Greenland is not for sale.
- The proposal has strained relations with U.S. allies, who are already frustrated with ongoing disputes over tariffs and military spending, raising concerns about America's international standing.
- Economists warn that the U.S.'s massive $38 trillion deficit and reliance on foreign creditors, including Europe which holds $8 trillion of U.S. debt, could limit Washington's economic leverage amid escalating tensions.
- The European Union is considering retaliatory measures, including activating its Anti-Coercion Instrument (ACI), which could impose trade restrictions, investment curbs, and tariffs on U.S. imports in
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