{"id":210817,"date":"2025-01-08T17:32:17","date_gmt":"2025-01-08T17:32:17","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/08\/how-trumps-greenland-plan-could-hit-ozempic-legos-and-hearing-aids\/"},"modified":"2025-01-08T17:32:17","modified_gmt":"2025-01-08T17:32:17","slug":"how-trumps-greenland-plan-could-hit-ozempic-legos-and-hearing-aids","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/08\/how-trumps-greenland-plan-could-hit-ozempic-legos-and-hearing-aids\/","title":{"rendered":"How Trump\u2019s Greenland Plan Could Hit Ozempic, Legos and Hearing Aids"},"content":{"rendered":"
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President-elect Donald J. Trump has threatened tariffs on many countries for many different reasons<\/a>.<\/p>\n

On Monday, he found a new purpose for his favorite economic tool. Mr. Trump said he would \u201ctariff Denmark at a very high level\u201d if it refused to allow Greenland \u2014 a North American island that is an autonomous territory within the Kingdom of Denmark \u2014 to become part of the United States.<\/p>\n

\u201cThey should give it up, because we need it for national security,\u201d Mr. Trump said of Greenland. <\/p>\n

Denmark, which has a smaller population than Texas, is not a huge trading partner for the United States. The country \u2014 a U.S. ally and a NATO member \u2014 sent the United States more than $11 billion worth of goods<\/a> in 2023, just a tiny slice of more than $3 trillion of imports. The United States, in turn, sends Denmark more than $5 billion in goods, including industrial machinery, computers, aircraft and scientific instruments.<\/p>\n

But despite its small size, Denmark, which handles Greenland\u2019s foreign and security affairs, is home to some products that are very well-loved in America, goods that could become more expensive if Mr. Trump follows through with heavy tariffs. According to the Observatory of Economic Complexity<\/a>, a trade data platform, roughly half of Denmark\u2019s recent exports to the United States are packaged medicines, insulin, vaccines and antibiotics.<\/p>\n

That\u2019s largely because the country is home to Novo Nordisk, the maker of Ozempic and Wegovy, the popular weight-loss drugs. The company is so important to the Danish economy \u2014 it has recently accounted for<\/a> half of Denmark\u2019s private sector job growth and all of the country\u2019s economic growth \u2014 that some have branded Denmark a \u201cpharmastate.<\/a>\u201d<\/p>\n<\/div>\n