🚹 BREAKING: EU SUSPENDS U.S. TRADE DEAL OVER GREENLAND TARIFF TENSIONS 🚹

$GUN

The European Union has halted approval of a major trade agreement with the United States after President Trump’s push to impose tariffs tied to the Greenland dispute sparked outrage in Brussels. (NBC4 Washington)

Key points:

đŸ”č The European Parliament suspended work on the trade deal, which would have capped U.S. tariffs on most EU exports at 15% and reduced barriers on U.S. goods, until the U.S. abandons coercive tariff threats. (NBC4 Washington)

đŸ”č Lawmakers said Trump’s stance on Greenland and tariff threats undermines the pact’s stability and violates the spirit of cooperation. (mint)

đŸ”č This suspension is a strong political rebuke and raises the risk of broader transatlantic trade tensions. (The Guardian)

Market implications:

‱ Trade uncertainty tends to heighten volatility for risk assets

‱ Potential for retaliatory tariffs and escalation

‱ Growing geopolitical risk premium in macro markets

Tokens to watch amid the macro shift: $AXS | $HEI

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