According to a Bloomberg report, the European Union is preparing to suspend approval of a key trade agreement with the United States, escalating a transatlantic dispute linked to recent U.S. tariff measures connected to the Greenland issue. The proposed move, driven by pressure within the European Parliament, could affect trade between the U.S. and major EU economies including Germany, France, Italy, Spain, the Netherlands, Sweden, Finland, and Denmark, while also impacting broader regional ties with Norway, the United Kingdom, and Greenland itself.
EU officials are considering pausing preferential market access and regulatory cooperation that support billions of dollars in annual trade across sectors such as automobiles, steel, technology, agriculture, and clean energy. Denmark, which retains sovereignty over Greenland, has taken a central diplomatic role, while Nordic countries have warned of potential disruptions to Arctic cooperation and supply chains. Analysts say Brussels is also exploring stronger intra-European trade integration and expanded partnerships with non-U.S. allies, signaling a possible shift in global trade alignments if tensions persist.