President Trump argued the U.S. must acquire Greenland to prevent Russia or China from taking over, claiming Arctic territory has minimal defenses amid rising geopolitical tensions.

Trump administration officials are set to meet with Danish officials about Greenland on Wednesday, diplomatic sources tell CBS News.

President Donald Trump continued his threats towards Greenland on Friday, as he insisted that if the United States did not act Russia or China would occupy it in the future.

The president's advisers would tell him the move would spell real danger for American interests, the former UK ambassador to the US believes.

Trump allies have cited the island's continued role in missile defense infrastructure, accusing Denmark of leaving it vulnerable to potential Russian and Chinese influence.

In addition to political resistance, Greenland’s mineral riches and strategic position would come at a steep cost for the U.S.

Greenland's party leaders rejected President Trump's repeated calls for the U.S. to take control of the island, saying that Greenland's future must be decided by its people.

The senator's comments come after President Donald Trump said the U.S. would "do something on Greenland, whether they like it or not."

Investors have piled fresh bets on gold and European defence stocks in response to U.S. President Donald Trump's threats to take control of Greenland, fearing a geopolitical rift that could end NATO,