The Trump administration’s interest in Greenland appears to be part of what Washington sees as a broader competition for power in the Arctic, where Russia is a dominant force and China aspires to expand its footprint and capabilities.

President Donald Trump again raised the possibility of using military force to bring Greenland under U.S. control, saying such an action could be necessary for global security. A territory of Denmark that is prized for its strategic geopolitical value,

The announcement, which confounded film executives and foreign leaders, would escalate Trump’s trade war by including services. What happens next remains unclear.

By unilaterally imposing tariffs, Trump has exerted extraordinary influence over the flow of commerce, creating political risks and pulling the market in different directions. There are tariffs on autos, steel and aluminum, with more imports, including pharmaceutical drugs, set to be subject to new tariffs in the weeks ahead.

President Donald Trump is eyeing Hollywood for his next round of tariffs, threatening to levy all films produced outside the U.S. at a steep rate of 100%. Over the weekend, Trump accused other countries of “stealing the movie-making capabilities” of the U.