EU Freezes US Trade Deal After Trump's Davos Speech, Citing Tariffs and Greenland
Europe
N
News18•21-01-2026, 23:07
EU Freezes US Trade Deal After Trump's Davos Speech, Citing Tariffs and Greenland
- •The European Parliament's Trade Committee Chairman, Bernd Lange, announced the suspension of the US-EU trade agreement 'until further notice'.
- •The decision came after European leaders criticized Trump in Davos, followed by Trump's own aggressive speech.
- •Lange cited tariffs and the Greenland issue as reasons for freezing the Turnberry Agreement, a 'mega-deal' aimed at creating a common economic front against China.
- •The Turnberry Agreement, designed by Trump, sought to reduce taxes on cars and technology between the US and Europe.
- •Trump has warned of 10% tariffs on goods from several European countries starting February 1, threatening 25% if no agreement is reached on Greenland.
Why It Matters: EU freezes US trade deal, citing tariffs and Greenland dispute, escalating global trade tensions.
✦
More like this
Loading more articles...
