EU Parliament Halts US Trade Deal After Trump's Greenland Remarks, Tariff Threats

• The European Parliament has suspended work on a trade deal with the US following President Trump's renewed demands for Greenland and tariff threats.
• Trump's remarks at the World Economic Forum in Davos prompted strong pushback from the 27-nation EU bloc.
• The deal aimed to eliminate EU import duties on US goods and extend zero-duty access for US lobster imports, agreed upon in Turnberry, Scotland.
• Lawmakers had concerns about the deal's uneven terms, requiring the EU to cut most duties while the US maintained high tariffs.
• The suspension, announced by Bernd Lange, chair of the trade committee, means the deal is on hold indefinitely, risking US retaliation.

Why It Matters: EU Parliament halts US trade deal over Trump's Greenland demands and tariff threats, risking US retaliation.