European lawmakers suspend U.S. trade deal amid Greenland tariff tensions

Summary

CNBC's Eamon Javers reports that the European Parliament has suspended work on the EU-U.S. trade deal in response to U.S. tariff threats over Greenland and Denmark. The statement from trade committee chair Bernhard Lang says the parliament will hold off until the U.S. reengages on cooperation. The deal would have reduced Liberation Day tariffs on EU goods from 30% to 15%, so the suspension leaves elevated trade tensions in place.

• European Parliament suspends work on EU-U.S. trade deal.
• Response follows U.S. tariff threats tied to Greenland and Denmark.
• Statement attributed to Bernhard Lang, chair of trade committee.
• July deal would have cut EU goods tariffs from 30% to 15%.
• Parliament says it will wait for U.S. cooperation before proceeding.
• The move signals economic retaliation and elevated trade uncertainty.