Trade deal suspension
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European lawmakers suspend U.S. trade deal amid Greenland tariff tensions
CNBC· 2026-01-21 23:30
European lawmakers on Wednesday suspended the approval of the trade deal the EU and U.S. agreed in July.In a statement on Wednesday, European Parliament member Bernd Lange, and INTA chair on EU-US trade relations, said the recent plans by President Donald Trump to impose tariffs of between 10% to 25% on European nations go against the terms of the trade pact.Referring to Trump's address at the World Economic Forum in Davos on Wednesday, Lange said: "I guess he didn't revise his position. He wants to have Gr ...