Eng English
China 中国人

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
  • Trở lại Thể thao
  • Business
Wednesday, 21/1/2026 | 22:33 GMT+7

Europe delays ratification of trade agreement with the US

On 20/1, the European Parliament (EP) agreed to postpone ratification of a trade agreement reached in 7/2025 with the United States.

The EP's move follows recent escalating US-Europe tensions over Greenland. The European Parliament was scheduled to vote in the coming weeks on removing tariffs on US industrial goods, a key provision of the agreement.

The postponement does not mean the agreement has collapsed. However, this action sends a strong message of protest to the White House. EU parliamentarians believe this could cause concern among US businesses.

"This is a very strong leverage. I do not think businesses will accept giving up the European market", Valerie Hayer, chair of the centrist group of MEPs, told reporters.

European Commission President Ursula von der Leyen sits with US President Donald Trump in Turnberry, Scotland, UK on 27/7/2025. Photo: Reuters

European Commission President Ursula von der Leyen sits with US President Donald Trump in Turnberry, Scotland, UK on 27/7/2025. Photo: Reuters

Last week, President Trump threatened to increase import tariffs on eight countries over the Greenland issue. These countries include Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland. Six of these nations are EU members, including economic powerhouses like France and Germany. EU leaders are scheduled to hold an emergency summit in Brussels on the evening of 22/1 to discuss the situation.

The EU is considering various response options if President Trump does not withdraw his threat, such as suspending the trade agreement and imposing retaliatory tariffs on 93 billion euros (108 billion USD) worth of US goods. This tariff option was agreed upon last year when EU-US trade tensions peaked, but was later postponed until 6/2 to avoid a full-scale trade war.

Additionally, French President Emmanuel Macron is advocating for the activation of the EU's anti-coercion instrument (ACI), also known as the "trade bazooka". However, this instrument has never been used and could lead to significant economic and political consequences.

Ha Thu (according to AFP)

By VnExpress: https://vnexpress.net/chau-au-hoan-phe-chuan-thoa-thuan-thuong-mai-voi-my-5008405.html
Tags: Greenland trade agreement US Europe Denmark import tariffs

News in the same category

Aldi plans to open three distribution centers in the US

Aldi plans to open three distribution centers in the US

Grocery retail chain Aldi plans to open three new distribution centers in the US before 2029 to support its store network expansion strategy.

Vietnamese consumers spent $2.1 billion on food delivery apps in 2025

Vietnamese consumers spent $2.1 billion on food delivery apps in 2025

The gross merchandise value (GMV) of three online food delivery platforms – ShopeeFood, GrabFood, and beFood – reached $2.1 billion last year, according to Momentum Works.

Global USD reaches four-year low

Global USD reaches four-year low

After three consecutive sessions of sharp declines, the US dollar faced increased pressure as President Donald Trump expressed no concern about this development.

Gold price surpasses 180 million dong

Gold price surpasses 180 million dong

Gold bars and plain rings surged by three million dong per tael, exceeding the 180 million dong mark this morning.

US fintech startup invests 5 million USD in Vietnam

US fintech startup invests 5 million USD in Vietnam

Tala, a fintech startup that successfully raised 500 million USD, has established a legal entity in Vietnam and partnered with a bank for lending activities starting this year's first quarter.

Southeastern Freight Lines boosts cross-border freight operations

Southeastern Freight Lines boosts cross-border freight operations

Southeastern Freight Lines joins the ranks of less-than-truckload (LTL) carriers expanding cross-border operations amid increasing trade between the United States and Mexico.

Thuduc House records highest profit in six years

Thuduc House records highest profit in six years

Thuduc House reported a profit of 111 billion dong last year, almost double its target and the highest since 2020.

Ride-hailing and manufacturing firms offer electric motorbike rentals to drivers

Ride-hailing and manufacturing firms offer electric motorbike rentals to drivers

Grab, be, and Selex Motors are introducing electric vehicle rental policies to help drivers gain experience and save up for vehicle purchases.

Hoa Phat plans four solar power projects in Quang Ngai

Hoa Phat plans four solar power projects in Quang Ngai

Hoa Phat intends to develop four solar power projects totaling 500 MW in Quang Ngai to achieve energy self-sufficiency and meet green export standards.

OCB launches phase 2 of battery collection campaign

OCB launches phase 2 of battery collection campaign

Orient Commercial Joint Stock Bank (OCB) is rolling out "OCB Pin Hunter" phase 2 across nearly 200 transaction points, establishing more channels for the safe collection and disposal of used batteries nationwide.

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
FPT Tower, 10 Pham Van Bach Street, Dich Vong Ward,
Cau Giay District, Hanoi, Vietnam
Email: contacts@vnportal.net
Tel: 028 7300 9999 - Ext 8556
Advertise with us: 090 293 9644
Register
© Copyright 2026 vnnow.net. All rights reserved.
Terms of use Privacy policy Cookies