Evidence supports pause in EU-US trade agreement after Trump's tariff threat

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Evidence supports pause in EU-US trade agreement after Trump's tariff threat
Photo: Virginia Mayo/AP/TT

After Donald Trump's tariff threat, strong voices in the European Parliament are calling for work on the pending trade agreement between the EU and the United States to be put on hold.

The US-European trade agreement that was concluded this summer is awaiting approval in the EU Parliament, which is due to take a position shortly.

But then came Trump's threat of tariffs on Saturday. They will be 10 percent and will apply from February 1, according to Trump - who threatened to then raise them to 25 percent on June 1 if the US is not allowed to buy Greenland.

In addition to Sweden, the threat also applies to Denmark, Norway, France, the United Kingdom, Germany, the Netherlands and Finland.

"Postpone"

On Saturday evening, Manfred Weber, group leader of the EU Parliament's largest party group - the conservative EPP - wrote on X that the agreement "must be put on hold."

"Given Donald Trump's threats regarding Greenland, approval is not possible at this stage," he writes.

German Social Democrat Bernd Lange, chairman of the parliament's trade committee, writes on X that Trump's statement is "incredible."

"I cannot imagine that we can continue our work as if nothing had happened, and I expect we will postpone our work."

"No conditions"

Swedish EU parliamentarian Karin Karlsbro from the Liberals, vice-chair of the trade committee, writes in a statement to TT:

"I no longer see any conditions for the European Parliament to give the green light to proceed with the tariff settlement when we make a decision on Wednesday."

Sweden's former Prime Minister and Foreign Minister Carl Bildt writes on X that Donald Trump's tariff game is a "crystal clear" violation of the trade agreement between the EU and the US.

"The reaction must be equally clear. Playing soft is hardly an option," writes Bildt.

Bildt writes that Trump's actions "will in all likelihood" cause the agreement to collapse.

"The confrontation is heating up."

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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