EU-US trade deal 'on hold' after new Trump tariffs

[SamuelTheThird]

BRUSSELS — A landmark transatlantic trade deal will not be approved by EU lawmakers after U.S. President Donald Trump hit European countries with new tariffs as part of his efforts to wrest control of Greenland from Denmark.

Confirmation that the European Parliament will not move forward with ratification of the agreement, signed by Trump and European Commission President Ursula von der Leyen in July last year, casts the future of the trade-war truce into uncertainty.

In a statement online, Manfred Weber, the president of the European People's Party (EPP), said that the escalating U.S.-Europe tensions meant the Parliament would not vote in favor of the pact, which sets U.S. tariffs on imports from the EU at 15 percent in exchange for the bloc not applying levies on American exports.

https://www.politico.eu/article/eu-us-trade-deal-on-hold-after-new-trump-tariffs/

[BlueWaveNeverEnd]

1. Trump is a madman

[NotHardly]

2. It's worse, his cabinet & SCt are all nuts

[bucolic_frolic]

3. Time to whack stock markets a bit so as to create the next buying opportunity

Notice how the end game tariff deals are always a few months out? And how does he decide 10%, 15%, 35%?