KATHMANDU | The European Parliament has suspended the ratification of a major trade agreement with the United States that was reached in July. This move comes as a protest against U.S. President Donald Trump’s demand to annex Greenland into the United States.
The announcement of the suspension was made on Wednesday in Strasbourg, France, while the U.S. President was addressing the World Economic Forum in Davos.
The decision follows growing trade friction between the U.S. and Europe, sparked by Trump’s pursuit of a Greenland acquisition. This demand has shaken global markets and reignited discussions regarding a potential trade war.
Shortly after the announcement, Trump stated that he would not immediately implement new tariffs on eight NATO member nations. However, this came only days after he had threatened specific “Greenland-related” taxes against those opposing his plan.
On Wednesday, Bernd Lange, Chair of the European Parliament’s International Trade Committee, stated that there was “no alternative” but to halt work on two key legislative proposals related to the “Turnberry” agreement.
“The work on these trade plans will remain suspended until the United States decides to return to a path of cooperation rather than confrontation,” Lange said, emphasizing that further steps depend on U.S. actions.
FACEBOOK COMMENTS