EU Halts US Trade Pact Amid Trump's Greenland Tariffs Threat

• The European Parliament has suspended work on a trade agreement with the US due to President Trump's threats of tariffs over Greenland.
• The agreement aimed to reduce EU import duties on American goods and extend zero tariffs on US lobster imports.
• Lawmakers had concerns about the deal's imbalance, with the EU removing most duties while the US maintained a 15% tariff.
• The European Parliament's trade committee postponed votes on the deal, with chairman Bernd Lange stating Trump's tariff threats effectively dismantled the Turnberry deal.
• EU leaders are set to discuss potential retaliatory tariffs up to 93 billion euros if Trump proceeds with his threats.

Why It Matters: EU puts US trade deal on hold after Trump's tariff threats linked to Greenland acquisition push.