U.S. President Donald Trump gives a speech at the World Economic Forum on Jan. 21, 2026 in Davos, Switzerland. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON — President Donald Trump took his case for acquiring Greenland to the World Economic Forum in Switzerland on Wednesday, urging European leaders to begin negotiations while appearing to rule out a military takeover of the Arctic island.
Trump insisted during a 75-minute, wide-ranging speech that Greenland represents “a core national security interest” that “would greatly enhance the security of the entire” NATO alliance if it were fully controlled by the United States.
“I’m seeking immediate negotiations to once again discuss the acquisition of Greenland by the United States,” Trump said. “Just as we have acquired many other territories throughout our history, as many of the European nations have … there’s nothing wrong with it.”
Trump signaled he will likely not use the U.S. military to take over Greenland, saying, “I don’t have to use force. I don’t want to use force. I won’t use force.”
But he signaled any European country that objects to the U.S. making Greenland part of the country will face repercussions, possibly the tariffs he threatened over the weekend.
“You can say ‘yes,’ and we will be very appreciative, or you can say ‘no’ and we will remember,” Trump said.
Greenland would become the site of a missile defense system that Trump refers to as the Golden Dome, which he said could “keep our very energetic and dangerous potential enemies at bay” if the island becomes part of the United States.
Trump bashes NATO
Trump repeatedly criticized the other NATO countries during his speech, falsely claiming more than once the United States has never benefited from the military alliance formed following World War II.
“What we have gotten out of NATO is nothing, except to protect Europe from the Soviet Union and now Russia,” Trump said. “I mean, we’ve helped them for so many years.”
The United States is the only country in the history of the alliance to invoke Article 5, which says that an attack against one is an attack against all.
That led NATO countries to send their military members to fight alongside U.S. troops in Afghanistan following the 2001 terrorist attacks. More than 1,000 of those NATO troops died, according to the 9/11 Memorial and Museum.
Investors and single-family homes
Trump focused some of his speech in Davos on domestic issues, talking briefly about an executive order he signed this week focused on the availability of housing within the United States.
“I have signed an executive order banning large institutional investors from buying single-family homes. It’s just not fair to the public. They’re not able to buy a house,” Trump said. “And I’m calling on Congress to pass that ban into permanent law, and I think they will.”
Trump said he wanted to take steps to help Americans afford homes, but that he didn’t want those actions to reduce the value of homes people already own. He didn’t elaborate on how that would work.
“I am very protective of people that already own a house, of which we have millions and millions and millions. And because we have had such a good run, the house values have gone up tremendously, and these people have become wealthy. They weren’t wealthy. They become wealthy because of their house,” he said. “And every time you make it more and more and more affordable for somebody to buy a house cheaply, you’re actually hurting the value of those houses, obviously, because the one thing works in tandem with the other.”
Trump said if he wanted to, he could “really crush the housing market” and decrease housing prices, though he didn’t say how exactly he would go about doing that if he wanted to.
Trump said he’s ordered “government-backed institutions to purchase up to $200 billion in mortgage bonds,” and that he expects to announce a new Federal Reserve chairman “in the not-too-distant future,” who he believes will decrease interest rates. Trump has been feuding over interest rates with Federal Reserve Chair Jerome Powell, whose term as chair ends in May although Powell can remain as a governor.
Trump also called on Congress to approve legislation that would prevent credit card companies from hiking their interest rates above 10% for one year, saying that would help people save some money that they could use for buying a house.
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