They are going to give the US concessions. Multiple 100 year special military zone leases on Greenland. Where the US can do whatever it want. For the rest, the arctic sea routes are only interesting if Europe and the west in general stays wealthy given most economic activity will most likely take place in Asia anyway.These European countries are simply debating how to hand over Greenland to the United States gracefully without appearing too cowardly.
I'm very curious to see who will be waving this little piece of paper at us this time, proclaiming,"Peace for our time."
Hope Trump can enjoy digging in frozen mud etc while China focus on Africa for its resources maybe they can find that mythical entry into the hollow earth things Nazi/Maga like to read about.