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COPENHAGEN (Reuters) – Danish companies are involved a couple of doable commerce battle with the USA over Greenland, a significant foyer group mentioned on Thursday after enterprise leaders, together with CEO of weight problems drugmaker Novo Nordisk (NYSE:NVO), met with the federal government.
Denmark’s Prime Minister Mette Frederiksen had summoned enterprise leaders after talking on Wednesday with U.S. President-elect Donald Trump, who final week refused to rule out navy or financial motion to take management of Greenland, a semi-autonomous territory of Denmark that’s strategically necessary to Washington.
Trump instructed he would impose tariffs on Danish items if it resisted his supply to purchase the huge Arctic island.
“We’re paying consideration to what’s taking place and naturally we’re involved,” the top of the Confederation of Danish Business, Lars Sandahl Sorensen, informed journalists after the assembly.
Trump didn’t retract his menace of financial coercion through the 45-minute cellphone dialog with the Danish prime minister.
“I feel everybody can see that these are uncommon messages and we should in fact cope with them,” Minister for Commerce and Business Morten Bodskov mentioned after the assembly.
He declined to elaborate on what eventualities have been mentioned. Requested how Denmark would reply to potential tariffs, Bodskov mentioned: “We’ll cope with that, if it comes.”
Danish companies make use of round 90,000 folks in the USA, in response to the minister.
DISCUSSIONS WITH BUSINESS LEADERS
Frederiksen mentioned she had emphasised in her dialog with Trump that it was as much as Greenland to determine its future and supplied to do extra to strengthen safety within the Arctic.
She burdened that Danish firms contribute to progress and jobs in the USA and that the EU and the U.S. had a standard curiosity in elevated commerce.
“We’re not making ready for particular issues we do not know but, however it has been hinted at from the U.S. facet that there could sadly be a scenario the place we work much less collectively than we do at present,” Frederiksen informed journalists earlier on Thursday.
Amongst enterprise leaders within the assembly have been Lars Fruergaard Jorgensen, CEO of Novo Nordisk, which generates greater than half of its gross sales in the USA.
Novo, which competes with U.S. drugmaker Eli Lilly (NYSE:LLY), makes the principle lively ingredient in its fashionable weight problems and diabetes injections Wegovy and Ozempic in Denmark, and exports it to the USA.
Different contributors within the assembly included CEOs of jewelry maker Pandora (OTC:PANDY), Lego, brewer Carlsberg (CSE:CARLb), Vestas and offshore wind farm developer Orsted (CSE:ORSTED), the businesses mentioned.
($1 = 7.2515 Danish crowns)
