- Amid uncomfortable President Trump’s foreign policyany Jpmorgan Chase CEO Jimmy Damon warns against isolating the United States under the “America alone” doctrine, and foreign governments such as Greenland rethink their investment alliances and consider alternatives such as China. Dimon stressed the importance of maintaining strong economic and military partnerships, a warning that resonates as Greenland – which does not undertake the unused resources – frustration with American diplomacy and explores other global investors to support its development goals.
Foreign governments began shopping when it comes to collecting investment, and may move away from relations with America Donald Trump.
The White House’s foreign policy during the era of President Trump has caused eyebrows for a set of reasons, whether the Gulf of Mexico was renamed to the Gulf of America, claiming that Canada will make the 51st country, or provide bids to bring Greenland under its control. This is before you think about the definitions.
The variable oval office, which is often popular, has led to economic experts such as Jimmy Damon, CEO of JPMorgan Chase, to ask whether Trump was The policy of “America first” may end in the name of “America alone”.
The biggest concern in this scenario is that economic and military allies in America may turn their backs on the White House and instead they look at another foreign power, China, to obtain support.
Damon explained that writing in his annual message to shareholders earlier this year: “To preserve our alliances together, from a military and economic point of view, is necessary.
“The opposite is exactly what our opponents want.”
Unfortunately, this seems exactly what is happening when it comes to some political talks in Greenland, that Trump He threatened to “obtain” the use of military forceAlthough the country is an independent area in Denmark.
“We want to develop and diversify our business sector, and this requires investments from abroad,” said Nathanilsen, Minister of Business and Mineral Resources at Greenland. Financial times.
When I was asked if that might include working with China, she added: “We want to cooperate with European and American partners. But if they don’t appear, I think we need to search elsewhere.”
Trump has long been an interest in Greenland, quoting “national and international” security concerns, given America’s proximity to the nation. The fact that Greenland geographically sits on a possible flight from the United States to Russia, but it is remembered to be present.
But in addition to the geographical proximity to the United States, Greenland is also a home to a wealth of unused raw materials, Including 25 of 34 articles that Europe considers “critical materials”.
The Trump 2.0 team made its interest in securing such assets clear, then A deal signed With Voludmir Zelinski of Ukraine, this issue is specifically to secure a military partnership between the two.
To make things more complicated, tell Nathanelsen foot The Memorandum of Understanding on Mineral Development with the United States is scheduled to end soon, as it was signed for the first time under the first Trump administration.
“We have been hoping that the Trump administration would be more willing to participate in a dialogue with Greenland on developing the metal sector. We got a little more than we asked, because we do not want to be Americans.”
Of course, with increased tensions between the United States and China at the present time, the last nation may not want to mock the boat further and risk returning to the trade war in April.
Nathanelsen added that China may be resistant to signing a deal with Greenland specifically because they do not want to “excite” anything.
Choose the side
Greenland’s minister added that Trump’s comments about Greenland’s folding to America
Her point of view is suitable for the vast majority of its peers, as he did not want a survey in January 85 % of people on the island until they were part of the United States.
Trump’s political ally and the main donor, Duj Boss Elon Musk, He also said that he “hopes” the people of Greenland They want to join the United States and will be “welcome” if they do so. the reconnaissance The reconnaissance expert, Feryan, was commissioned by the Danish paper, earlier this year, that only 6 % of Greenland’s residents wanted to join America.
The pressure on Trump was also accompanied by a visit to his son Greenland, Donald Trump Junior, Which was criticized by some legislators in the country.
But the nation will be aware that despite its clear hatred of Trump’s tactics, it does not want to burn bridges with its military and economic ally.
As Nathanilsen said: “We are trying to find out that, how does the new global matter look like? In these terms, Chinese investment is of course a problem, but, to some extent, American.”
This story was originally shown on Fortune.com
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