Trump threatened "very high" tariffs on Denmark amid Greenland dispute, raising fears of higher prices for Danish pharmaceuticals.

President-elect Donald Trump Tuesday threatened to place new tariffs on imports from Denmark unless the country gives up control of Greenland, news that dented the stocks of some of Denmark’s most important companies and underscored Trump’s focus on geopolitical competition.

Donald Trump’s gambit to buy Greenland may sound ridiculous, but it’s not impossible. If the president-elect is really determined to control the world’s largest island, he could try to buy it outright if the autonomous territory declares independence from Denmark.