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Home»Business»European Parliament halts US-EU commerce work over Denmark tariff threats
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European Parliament halts US-EU commerce work over Denmark tariff threats

VernoNewsBy VernoNewsJanuary 21, 2026No Comments3 Mins Read
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European Parliament halts US-EU commerce work over Denmark tariff threats
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U.S. Commerce Consultant Jamieson Greer discusses tariffs, commerce and President Donald Trump’s plan to amass Greenland on ‘Mornings with Maria.’

The European Parliament mentioned it’s halting work on proposed U.S.-EU commerce measures on Wednesday after accusing Washington of undermining the sovereignty of Denmark and Greenland via tariff threats.

“Given the continued and escalating threats, together with tariff threats, in opposition to Greenland and Denmark, and their European allies, we now have been left with no different however to droop work on the 2 Turnberry legislative proposals till the US decides to re-engage on a path of cooperation slightly than confrontation, and earlier than any additional steps are taken,” Bernd Lange, chair of Parliament’s Worldwide Commerce Committee, mentioned in a press release.

The commerce deal would have suspended tariffs on all industrial items from the U.S. and established a tariff system for almost all of U.S. agriculture and meals merchandise which might be dropped at the EU.

Talking from Davos, Switzerland, on Wednesday, President Donald Trump mentioned that he doesn’t wish to use pressure as he pressures NATO allies on Greenland, and declared that the U.S. is the one nation that’s within the place to manage and safe Greenland. 

DAVOS BRACES FOR TRUMP AMID TENSIONS OVER NATO, GREENLAND AND GLOBAL DEFENSE

President Donald Trump

U.S. President Donald Trump attends the 56th annual World Financial Discussion board (WEF) in Davos, Switzerland, January 21, 2026. (Reuters/Romina Amato / Reuters Photographs)

“All the US is asking for is a spot known as Greenland,” Trump mentioned Wednesday from his speech on the World Financial Discussion board. “The place we have already had it as a trustee, however respectfully returned it again to Denmark not way back after we defeated the Germans, the Japanese, the Italians and others in World Struggle II, we gave it again to them.”

Greenland — the world’s largest island — sits within the Arctic and governs its personal home affairs whereas remaining throughout the Kingdom of Denmark.

A view of a container ship in the harbor in Nuuk, Greenland.

Container ship within the harbor in Nuuk, Greenland. (Julia Wäschenbach/image alliance/Getty Pictures, File / Getty Pictures)

Greater than half a dozen European nations warned in a joint assertion on Sunday that tariff threats over Greenland undermine transatlantic relations because the White Home seeks to strain allies right into a deal to amass the Arctic island.

FORMER REP MTG DUMPS COLD WATER ON TRUMP’S GREENLAND ACQUISITION AMBITIONS: ‘WE’VE HEARD THAT ONE BEFORE’

Trump threatened on his Reality Social platform to impose a ten% tariff on the eight European nations except a deal is reached for what he known as the “full and whole buy of Greenland.”

In Davos, Trump argued that U.S. management of Greenland would strengthen safety for each the US and Europe, framing the territory as a strategic necessity slightly than a real-estate acquisition. 

President Donald Trump speaking

President Donald Trump speaks in the course of the 56th annual World Financial Discussion board assembly in Davos, Switzerland, Jan. 21, 2026. (Reuters/Denis Balibouse / Reuters Photographs)

“The European Union wants us to have it, they usually know that,” he mentioned.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

It is a creating information story; examine again for updates.

Fox Information Digital’s Emma Colton and Anders Hagstrom contributed to this report. 

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