Cyprus Times

European Parliament 'Freezes' Trade Deal with US

Published January 20, 2026, 16:09
European Parliament 'Freezes' Trade Deal with US

The European Parliament has agreed to postpone the ratification of a trade agreement with the United States, reacting to threats from President Trump to impose tariffs on Greenland. The agreement involved the removal of tariffs on certain American products, but the threat of tariffs on Greenland prompted a response from European political groups. The European Union is considering broader reactions, including increasing tariffs on American products and using anti-coercion tools. France, in particular, is pushing for a more decisive response.