EU Suspends Approval of US Trade Deal Over Greenland Dispute

STRASBOURG, FRANCE - The European Parliament suspended approval of a key US trade deal on Wednesday, citing renewed trade tensions sparked by President Donald Trump's interest in acquiring Greenland. The move, which effectively halts progress on the agreement initially reached in July, was announced in Strasbourg as Trump addressed the World Economic Forum in Davos, according to BBC World reports.

The suspension signals a strong rebuke of Trump's approach to international relations and raises the specter of retaliatory tariffs from the EU on American goods. Multiple news sources confirm that the EU's action is contingent on the US demonstrating a commitment to cooperation rather than confrontation.

The EU's decision followed Trump's stated interest in acquiring Greenland, which rattled financial markets and revived talk of a potential trade war. Hours after the suspension was announced, Trump claimed on social media to have reached a "framework" deal on Greenland's future, though details remained scarce.

The possibility of retaliatory tariffs from the EU now looms large, with billions of dollars worth of American goods potentially affected. The EU's move underscores the bloc's willingness to stand firm against what it perceives as aggressive trade tactics from the US administration. The future of the trade deal remains uncertain, pending a shift in the US approach towards cooperation.