In a major shift in transatlantic relations, the European Union is now expected to resume work on ratifying a trade deal with the United States after recent geopolitical tensions eased.
European Parliament President Roberta Metsola confirmed that EU lawmakers are preparing to restart discussions that were previously put on hold due to Trump’s tariff threats linked to Greenland negotiations.
Earlier this week, the European Parliament paused the ratification process because of fears that U.S. tariffs would harm European economies. That suspension caused uncertainty, not only in political circles but also in global markets.
Now, with the tariff threat lifted for the moment, internal EU discussions on the trade agreement can continue, aiming to move the process forward.
The agreement — originally reached last July — would significantly reduce many EU import duties on U.S. goods, while continuing zero‑duty treatment on products like U.S. lobsters that were agreed upon earlier.
Supporters believe this deal could boost trade, lower costs for consumers, and strengthen economic ties between the world’s largest economies.
However, some lawmakers have criticized the deal as uneven, noting that the EU may have to remove most of its import duties while the U.S. maintains a general tariff rate of around 15% on European exports.
There are also proposals for safeguards like an 18‑month sunset clause to protect against sudden import surges.
Overall, the resumption of ratification talks signals a possible thaw in EU‑US economic relations and could help calm markets that reacted nervously to recent political tensions.
If approved, the deal may begin to reshape trade flows, tariffs, and investment between the two economic giants — potentially influencing global markets and even financial sectors like crypto, which often respond to broader economic confidence.
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