Trump Greenland acquisition plan estimated $700 billion cost report
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President Donald Trump’s push for the US to purchase Greenland could have an estimated cost of $700 billion, according to reports.
Forecast reported by NBC NewsThat calculation was said to have been calculated by academics and former U.S. officials involved in early planning discussions surrounding Trump’s interest in purchasing the 800,000-square-mile island as a strategic buffer in the Arctic against adversaries including Russia and China.
That figure would exceed half the Defense Department’s annual budget and reflects what officials describe as a key national security priority for the Trump administration.
Reported cost sounds like new Reuters Polls show Trump’s proposal is highly unpopular with Americans but also continues to strain relations with U.S. allies.
EUROPEAN ALLIES Are Working on a Plan in Case the USA Takes Action to Acquire Greenland: REPORT
President Trump has stepped up the rhetoric surrounding the U.S. taking control of Greenland, which is rooted in strengthening national security. (Carsten Snejbjerg/Bloomberg via Getty Images)
“The United States needs Greenland for national security purposes,” Trump wrote in a post on Truth Social on Wednesday, warning that if the United States did not act, “Russia or China will.”
The president added that “anything less” than US control of Greenland was “unacceptable” and argued that the Arctic region, including the “Golden Dome” missile defense system under development, was vital to American defense interests.
Trump’s renewed move has increased tensions with Denmark and other NATO allies.
As previously reported by Fox News Digital, troops from several European countries deployed to Greenland on Thursday for a two-day mission aimed at strengthening the region’s defenses.
While Fox News stated that France, Germany, Sweden and Norway would participate in the exercise, the leaders said that the purpose of the mission was to demonstrate NATO’s ability to quickly deploy military assets to the North Pole.
TRUMP Issues Stern Warning to NATO Ahead of VANCE’S HIGH-SUMING Greenland Meeting
President Donald Trump reignited discussions about the US purchase of Greenland, saying he hoped to make a deal but that the US would take action “whether it likes it or not”. (Saul Loeb/AFP via Getty Images)
NBC News also reported that Secretary of State Marco Rubio has been tasked with developing a proposal to purchase Greenland that will be presented to Trump in the coming weeks.
Rubio and Vice President J.D. Vance are also expected to meet with officials from Denmark and Greenland in Washington, D.C., on Wednesday.
Trump promised to buy Greenland “one way or another,” but Danish and Greenlandic officials vehemently denied the promise.
Danish leaders have warned that any military action against another NATO member could endanger the alliance itself.
Greenlandic Leaders Returned TRUMP’S CALL TO BRING THE CANDIDATE UNDER US CONTROL: ‘WE DON’T WANT TO BE AMERICAN’
Danish soldiers conduct a search for potential threats during a military exercise in Kangerlussuaq, Greenland, on September 17, 2025. (Guglielmo Mangiapane/Reuters)
A Reuters/Ipsos poll also found that only 17% of Americans approve of Trump’s efforts to buy Greenland, while 47% oppose it and 35% are undecided.
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Greenland is the world’s largest island and has a population of approximately 56,000 people, with most people living along its ice-free coastline. Approximately 80% of the region is covered by ice caps and glaciers.
Fishing, hunting, whaling, sealing and tourism are the backbone of the local economy.
Fox News Digital has reached out to the White House for comment.
