EU halts trade deal with US, warns Trump's tariffs risk 'dangerous downward spiral'

In a major move, the European Union has put on hold the ratification process of the EU-US trade deal announced back in July 2025.

- BY MANISHA GUPTA THE STATESMAN

The decision was announced after the latest tariff threats by United States President Donald Trump on Denmark and other European Union countries over the sale of Greenland.

Vice-President of the European People's Party, Siegfried Muresan, confirmed the halt in the EU-US deal through a post on a social media platform: “We were supposed to ratify the EU-US trade deal from last July very soon, reducing tariffs for imports from the US into the European Union to 0%. However, in light of recent developments, this ratification will have to wait a little longer in this new context.”