EU Lawmakers Put Trade Deal With U.S. on Ice After Trump’s Greenland Threats

Lawmakers in the European Parliament agreed to put off work on the European Union’s trade agreement with the U.S. as President Trump continues his push take over Greenland, the Wall Street Journal reported. “By threatening the territorial integrity and sovereignty of an EU member state and by using tariffs as a coercive instrument, the U.S. is undermining the stability and predictability of EU-U.S. trade relations,” Bernd Lange, chair of the parliament’s international trade committee, said in a statement Wednesday.
European Union
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EU Lawmakers Deal Blow to Mercosur Trade Deal by Referring It to Top Court

EU lawmakers voted on Wednesday to challenge the European Union's contentious free trade agreement with South America in the bloc's top court, a move ​that could delay the deal by two years and potentially derail it, Reuters reported. The European Union signed ‌its largest-ever trade pact with Mercosur members Argentina, Brazil, Paraguay and Uruguay on Saturday after 25 years of negotiations. It still requires ‌approval before it can take effect.
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In a Boost for Free Trade, EU Backs Controversial Pact With South Americans

European Union countries on Friday approved a trade deal with four South American countries, in a sign that President Trump’s antipathy to free trade hasn’t killed the rest of the world’s hunger for global commerce, the Wall Street Journal reported. The pact between the EU and the founding countries of the Mercosur customs union—Argentina, Brazil, Paraguay and Uruguay—is poised to become one of the bloc’s largest free-trade agreements. It is part of a European effort to curb economic reliance on the U.S. and China by boosting commercial ties with other countries.
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