politics
January 21, 2026
EU parliament blocks US trade deal after Trump’s tariff threat
Brussels to host emergency summit to discuss options including ‘nuclear deterrent’ of retaliatory sanctions
TL;DR
- European parliament suspends ratification of US trade deal.
- Action is a response to Trump's threat of 10% tariffs on EU exports.
- Threat is linked to Trump's desire to acquire Greenland.
- EU considering retaliatory tariffs and an anti-coercion instrument.
- EU promise to buy $750bn of energy from the US remains unaffected.
- European Commission President Ursula von der Leyen cancelled a meeting with Trump.
- European parliament also voted to refer the Mercosur trade deal to the European court of justice.
- The Mercosur decision was condemned by trade officials and German Chancellor.
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