European lawmakers suspend U.S. trade deal amid Greenland tariff tensions

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Source: CNBC

Published Wed, Jan 21 2026 10:22 AM EST Updated 5 Min Ago


European lawmakers on Wednesday suspended the approval of the trade deal that 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 Greenland as part of the United States as quick as possible."

In his speech, the president called for "immediate negotiations" on the acquisition of the Arctic territory. Trump ruled out the use of military force in his speech, a commitment Lange described as a "small positive element."

However, Lange said the proposed 10% to 25% tariffs remain on the table, adding that, until the threat of them is over, "there will be no possibility of compromise." "We will hold on the procedure... until there is clarity regarding Greenland and the threats," he said.

Read more: https://www.cnbc.com/2026/01/21/european-lawmakers-suspend-us-trade-deal-amid-greenland-tariff-tensions.html

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Article updated.

Previous article -

Published Wed, Jan 21 2026 10:22 AM EST Updated 11 Min Ago


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 Greenland as part of the United States as quick as possible."

Lange highlighted the proposed 10% to 25% tariff threat, adding: "We will hold on the procedure until there is clarity regarding the Greenland threats."


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Original article -

Published Wed, Jan 21 2026 10:22 AM EST


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