European lawmakers on Wednesday suspended a commerce settlement with the USA over tariff threats issued by President Donald Trump as a part of his push to accumulate Greenland.
The announcement got here minutes after President Donald Trump reasserted his name for U.S. possession of Greenland throughout a speech on the World Financial Discussion board in Davos, Switzerland.
The speech adopted tariff threats issued by Trump days earlier towards seven European Union nations, plus the U.Okay., over the difficulty.
European leaders, in the meantime, have pushed again on Trump’s ambitions. Greenland is a self-governing territory of the Kingdom of Denmark, a member of the EU.
President Donald Trump attends the 56th annual World Financial Discussion board in Davos, Switzerland, January 21, 2026.
Jonathan Ernst/Reuters
Members of the Committee on Worldwide Commerce (INTA) – a physique inside the European Parliament – maintain “unshakable dedication to the sovereignty and territorial integrity of Denmark and Greenland,” European Parliament member Bernd Lange, an INTA chair on EU-US commerce relations, mentioned in a assertion on Wednesday.
“By threatening the territorial integrity and sovereignty of an E.U. member state and by utilizing tariffs as a coercive instrument, the U.S. is undermining the steadiness and predictability of EU-US commerce relations,” Lange added.
The EU and US struck the commerce settlement in July, shifting to ratchet down tariffs on European items and restore stability to the business relationship. On the time, European Fee President Ursula von der Leyen mentioned the settlement “creates certainty in unsure instances.”
On this Sept. 13, 2019, file photograph, the Louise Weiss constructing, official seat of the European Parliament is proven in Strasbourg, France.
Getty Pictures
On Wednesday, Lange mentioned the E.U. would pause the ratification course of in response to Trump’s proposed tariffs. Below Trump’s plan, eight European nations – together with Denmark, France, Germany and the UK – shall be slapped with 10% tariffs starting on Feb. 1. These levies are set to escalate to 25% on June 1, Trump mentioned.
In his speech on Wednesday, Trump dominated out use of the army in his push for Greenland. “We in all probability will not get something except I resolve to make use of extreme energy and power the place we might be, frankly, unstoppable. However I will not do this,” Trump mentioned.
U.S. shares slumped on Tuesday in response to the tariffs, with the Dow closing down 870 factors, however recovered roughly half of these losses in a rally on Wednesday morning. In Europe, the pan-continental STOXX 600 index ticked barely decrease on Wednesday.
ABC Information’ David Brennan contributed to this report.
