EU-US trade deal ‘on hold’ after new Trump tariffs
politico.eu • • general
Key Points:
- The European Parliament will not approve a transatlantic trade deal after U.S. President Donald Trump imposed new tariffs on European countries amid his efforts to acquire Greenland from Denmark, putting the future of the trade-war truce in doubt.
- Manfred Weber, president of the European People's Party, stated that escalating U.S.-Europe tensions prevent Parliament from ratifying the agreement, which would have set U.S. tariffs on EU imports at 15% in exchange for zero tariffs on American exports.
- EU lawmakers are expected to confirm freezing the deal amid Trump's threats, with some MEPs calling for the activation of the EU's Anti-Coercion Instrument, a trade "bazooka" designed to counter economic intimidation through punitive measures.
- Trump announced
