Brussels: The European Union (EU) has approved the suspension of its trade agreement with the United States, following repeated remarks by the US president expressing a desire to take control of Greenland and threats to impose higher tariffs on European goods.
According to reports, the trade agreement was finalised only last year. Under the deal, US tariffs on most European products were reduced to 15 per cent, down from 30 per cent, while the EU had agreed to facilitate increased American investment and exports.
However, rising tensions over Greenland and renewed tariff threats prompted strong reactions within the EU. The chairman of the European Parliament’s International Trade Committee said that US pressure had put the EU’s sovereignty and territorial integrity at risk.
He stated that suspending the agreement was the only option left, as normal relations were no longer possible under the current circumstances.
“There is no room for business as usual when our sovereignty is being challenged,” he added.
The decision marks a significant escalation in trade tensions between Washington and Brussels.
