‘Business as usual impossible’: EU freezes trade deal with US; comes after Trump’s Davos speech

The US-EU trade deal is “on hold until further notice”, as announced by the chair of the European parliament’s trade committee Bernd Lange.“Now official: EU-US deal is on hold until further notice! Our negotiating team just decided to suspend work of European Parliament on the legal implementation of Turnberry deal. Our sovereignty and territorial integrity are at stake. Business as usual impossible,” he said citing Tariffs and Greenland.It was announced on Tuesday that EU was already planning to suspend the deal amid the Greenland standoff. The July 2025 trade deal, struck at Trump’s golf course in Scotland, lowered US tariffs on European goods to 15 per cent from the 30 per cent initially threatened in April, in return for European investments in the US and steps to increase American exports.A vote on the agreement had been scheduled for January 26–27, when lawmakers were expected to remove tariffs on US industrial goods. However, senior members of the European Parliament, including Manfred Weber of the European People’s Party, said approval was no longer possible at this stage after Trump renewed tariff threats over the weekend.Trump has warned that from February 1, the US would impose a 10 per cent tariff on goods from Denmark, Sweden, France, Germany, the Netherlands, Finland, the UK and Norway unless Washington is allowed to acquire Greenland, a self-governing territory of Denmark.