EU set to halt U.S. trade deal over Trump's latest tariff threat
Fortune • • world
Key Points:
- Manfred Weber, president of the European People’s Party (EPP), stated that an EU-US trade deal agreement is currently impossible due to Donald Trump’s threats concerning Greenland.
- The EPP supports the trade deal but insists that the EU must pause lowering tariffs on US products in response to recent US actions.
- The trade agreement, initiated by European Commission President Ursula von der Leyen and Trump last summer, has been implemented but still requires European Parliament approval, which now faces potential delay or blockage.
- The deal involves a 15% US tariff on most EU goods in exchange for the EU removing duties on US industrial and some agricultural products, aimed at preventing a trade war.
- Opposition within the EU, intensified by the
