European lawmakers suspended a trade agreement with the U.S. in response to President Trump’s tariff threats related to his push for U.S. ownership of Greenland. This announcement followed Trump’s reaffirmation of his Greenland ambitions at the World Economic Forum in Davos. The proposed tariffs, which could affect eight European countries, are set to begin at 10% on February 1 and escalate to 25% by June 1. European leaders emphasized their commitment to Denmark’s sovereignty, criticizing the U.S. actions as destabilizing to trade relations.
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