Gary Cohn, former economic advisor to President Donald Trump and current vice chairman of IBM, stated that "Greenland will stay Greenland," suggesting that Trump's previous interest in acquiring the territory was unlikely to materialize. Cohn made the remarks at the World Economic Forum in Davos, Switzerland, highlighting the bipartisan consensus in the U.S. Congress on the matter.
Cohn, who served as director of the White House National Economic Council during Trump's first term, linked the interest in Greenland to the need for access to critical minerals. He noted that discussions around Greenland "may be part of a negotiation," though he did not specify what those negotiations might entail.
The comments come after Trump's administration reportedly explored the possibility of purchasing Greenland in 2019, an idea that was met with resistance from both Greenland and Denmark, to which the island belongs. The notion was widely criticized and viewed as diplomatically insensitive.
Cohn also addressed broader geopolitical concerns, stating that "invading an independent country that is part of NATO" would be "over the edge." While he did not explicitly name any country, his statement was interpreted as a reference to the ongoing conflict in Ukraine and the potential for further escalation.
IBM, where Cohn serves as vice chairman, is a major player in the technology sector, with a market capitalization of approximately $160 billion as of today. The company is heavily involved in the development of artificial intelligence and quantum computing, areas that require access to critical minerals. The demand for these minerals is projected to increase significantly in the coming years, driven by the growth of the electric vehicle market and other technology-intensive industries.
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