The US-European Union trade relationship is valued at close to $2 trillion, according to the European Council data for 2024, after accounting for both services and goods. The 27-country bloc has a trade surplus with the US when it comes to goods, but runs a deficit on the services front.
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CNBC TV1821-01-2026, 21:25

EU Freezes US Trade Deal Vote Amid Trump's Greenland Threats

  • The European Parliament has indefinitely postponed the approval of a major EU-US trade pact.
  • The decision follows President Donald Trump's threats to impose tariffs if Denmark refuses to sell Greenland.
  • Committee chair Bernd Lange stated Trump's rhetoric threatened the territorial integrity of an EU member state.
  • The freeze highlights deepening tensions and European concerns over US reliability in trade relations.
  • EU leaders are set to meet in Brussels to discuss potential counter-tariffs and anti-coercion measures.

Why It Matters: EU halts US trade deal ratification due to Trump's Greenland demands and tariff threats, escalating tensions.

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