EU Vs US Over Greenland EXPLODES: EU HITS Back, 1st BIG ACTION Against Trump- Trade Deal Scrapped

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The European Parliament has indefinitely frozen a major EU–US trade deal following former President Donald Trump’s controversial remarks at the World Economic Forum in Davos, where he revived territorial claims over Greenland and coupled them with tariff threats. The agreement, finalized last summer, aimed to reduce import duties on American products while maintaining zero tariffs on U.S. lobster exports, but critics long viewed it as one-sided. European lawmakers saw Trump’s Greenland-linked comments as crossing a red line, emphasizing that sovereignty cannot be used as a bargaining chip        #EUVsUS #GreenlandCrisis #EUUSTradeDeal #TradeDealScrapped #EUTrade #USTradePolicy #TrumpTradeDeal #EUTradeWar #USEuropeTrade #TransatlanticRift #GlobalTrade #TradeWarAlert #EUHitsBack #TrumpEUDeal #WorldTrade #EUStrategy #USEuropeRelations #TradePolicy #EconomicShowdown #BreakingNews #Geopolitics  ~HT.178~

Transcript

00:00Breaking from Europe today, a major transatlantic deal is now on ice.

00:24The European Parliament has frozen a key EU-US trade agreement

00:29and the trigger may surprise you.

00:31It's not just about tariffs, it's about Greenland and power politics.

00:37Let's break this down.

00:39In a dramatic escalation of tensions, the European Parliament has halted work on a massive EU-US trade deal

00:46following controversial comments by US President Donald Trump at the World Economic Forum in Davos.

00:53His remarks, reviving demands over Greenland and coupling them with tariff threats,

00:58have sent shock waves through Brussels.

01:00This is not a small dispute.

01:03Trade between the European Union and the United States is worth over 1.3 trillion euros every year.

01:10So when Europe hits pause, it's a signal, not a gesture.

01:14So why did Greenland change everything?

01:18Greenland is a self-governing territory of Denmark.

01:21And Trump's attempt to link territorial ambitions with trade negotiations has crossed a red line for Europe.

01:28EU lawmakers were blunt.

01:30Sovereignty is not a bargaining chip.

01:33While Denmark may represent a small slice of EU trade, the issue cuts much deeper.

01:39This is about unity.

01:41This is about Europe drawing a line.

01:44Now, what exactly is this frozen deal?

01:47The agreement was finalized last summer in Turnberry, Scotland.

01:51It promised to remove most import duties on American products entering the EU.

01:56In return, the EU would continue zero tariffs on US lobster exports, a deal first struck back in 2020.

02:04The United States, however, would still maintain an average tariff rate of 15%.

02:10Critics in the European Parliament have long called this deal one-sided.

02:15Still, they were prepared to move ahead with safety nets, an 18-month sunset clause, emergency measures to handle import surges.

02:25Key votes were scheduled for January 26th and 27th.

02:29They have now been postponed indefinitely.

02:32And the message from Brussels is unequivocal.

02:35The latest tariff threats have undermined the political basis of this deal, said Trade Committee Chair Bern Lang.

02:42This freeze marks a turning point, a warning that Europe will not negotiate under pressure,

02:48and a reminder that in today's global economy, politics and trade are more intertwined than ever.

02:56The question now, will Washington step back, or will this standoff deepen even further?

03:02The state of Jessie.

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