EU Lawmakers Postpone Trade Deal Vote Amid US Tariff Threats Over Greenland
In a move that has sent shockwaves through Brussels, European lawmakers have suspended their work on the EU-US trade deal over President Donald Trump's threats to impose tariffs on eight European nations opposed to his plans to annex Greenland.
The proposal for the trade agreement, which was agreed upon in July at Turnberry, Scotland, would see most EU duties eliminated on US imports, with the exception of lobster. However, EU lawmakers had been growing increasingly frustrated with the lopsided terms of the deal, which they claimed favored the US over Europe.
Just days before a key vote on the proposal, Trump announced that he would impose tariffs of up to 25 percent on eight European countries that have opposed his plans for Greenland. The move has sent a clear message that the US will not be intimidated by EU opposition and has put pressure on Brussels to reconsider its stance on the trade deal.
As a result, the chair of the EU's trade committee Bernd Lange announced that the vote would be postponed until further notice, citing Trump's threats as a major factor in the decision. The move has sparked concern among EU lawmakers who fear that freezing the deal could lead to higher US tariffs and undermine trust between the two sides.
The situation has also raised concerns about the implications for spirits and steel imports, which are set to be subject to reduced tariffs under the original agreement. With the Trump administration ruling out any concessions until the deal is in place, it remains to be seen whether a compromise can be reached that satisfies both parties.
In a move that has sent shockwaves through Brussels, European lawmakers have suspended their work on the EU-US trade deal over President Donald Trump's threats to impose tariffs on eight European nations opposed to his plans to annex Greenland.
The proposal for the trade agreement, which was agreed upon in July at Turnberry, Scotland, would see most EU duties eliminated on US imports, with the exception of lobster. However, EU lawmakers had been growing increasingly frustrated with the lopsided terms of the deal, which they claimed favored the US over Europe.
Just days before a key vote on the proposal, Trump announced that he would impose tariffs of up to 25 percent on eight European countries that have opposed his plans for Greenland. The move has sent a clear message that the US will not be intimidated by EU opposition and has put pressure on Brussels to reconsider its stance on the trade deal.
As a result, the chair of the EU's trade committee Bernd Lange announced that the vote would be postponed until further notice, citing Trump's threats as a major factor in the decision. The move has sparked concern among EU lawmakers who fear that freezing the deal could lead to higher US tariffs and undermine trust between the two sides.
The situation has also raised concerns about the implications for spirits and steel imports, which are set to be subject to reduced tariffs under the original agreement. With the Trump administration ruling out any concessions until the deal is in place, it remains to be seen whether a compromise can be reached that satisfies both parties.