A Danish foreign minister said Wednesday Denmark is “open to a dialogue with the Americans on how we can cooperate, possibly even more closely than we already do, to ensure that American ambitions are fulfilled,

U.S. President-elect Donald Trump says he wants to make Greenland a part of the United States and does not rule out using military or economic power to get Denmark to hand it over.

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.