European lawmakers suspend U.S. trade deal amid Greenland tariff tensions
CNBC Television
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January 21, 2026 at 04:14 PM UTC
Bearish
85% Confidence
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Key Points
- European lawmakers suspend work on the EU-US trade deal.
- Decision is a response to US 'tariff threats' against Greenland, Denmark, and European allies.
- The suspended deal would have lowered US tariffs on EU goods from 30% to 15%.
AI Summary
European lawmakers have suspended work on the U.S.-EU trade deal, which was agreed upon in July. This decision comes in response to 'continued and escalating threats, including tariff threats against Greenland and Denmark and their European allies' from the U.S. The European Parliament's International Trade Committee stated they were left with no alternative but to suspend legislative proposals until the U.S. re-engages on a path of cooperation.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bearish | 85% |
| Consensus | Bearish | 85% |