The European Union is set to freeze its trade deal with the US, with its members threatening to use its trade “bazooka” policy against America after President Trump threatened a new wave of tariffs in his bid to purchase Greenland.
European leaders were thrown for a loop after Trump announced a plan to levy an additional 10% tariff on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland — with plans to hike it to another 25% until a deal is reached for the US to take control of Greenland.
The plan led Manfred Weber, the president of the European People’s Party (EPP), to announce that the EU will not approve of the 15% tariff deal Trump struck last summer, saying
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