#trumptariffsoneurope EU Trade Agreement with the U.S. Suspended Indefinitely Due to Greenland Dispute

Brussels, 21/1/2026 – The European Parliament has just decided to indefinitely suspend the EU-U.S. trade agreement signed in July 2025 in Turnberry (Scotland) to avoid a trade war.

Chairman of the International Trade Committee Bernd Lange stated that the decision stems from President Trump's escalating tariff threats concerning Greenland – a self-governing territory of Denmark. Trump demanded control over or the purchase of Greenland for Arctic security and threatened to impose tariffs of 10-25% on eight European countries if they do not cooperate.

The Turnberry agreement was expected to significantly reduce tariffs: EU to 0% on U.S. industrial goods, and the U.S. to maintain an average of 15% on EU goods. However, Brussels believes the new threats violate the spirit of the agreement.

Ursula von der Leyen called this a "serious mistake," warning of the risk of deteriorating transatlantic relations. The EU is ready to activate the Anti-Coercion Mechanism if necessary.

The market reacted negatively: Dow Jones fell by 1.7%, S&P 500 lost more than 2%, $BTC temporarily dipped below 90,000 USD.

NATO trade tensions are escalating. #Eu prioritizes diplomacy but is preparing to respond if the situation worsens. An urgent meeting of European leaders is scheduled for 22/1.