The European Parliament, through its Committee on International Trade, has agreed to suspend the legislative work necessary to ratify the EU-US trade agreement. US TRADE AGREEMENT. The decision was communicated by the chairman of the commission, Bernd Lange, following a meeting of the representatives of the main political groups. The decision was communicated by the chairman of this commission, Bernd Lange, after a meeting of the representatives of the main political groups.

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Reasons for the stoppage

The European Parliament justifies this measure by the repeated threats made by the President of the United States against Greenland and Denmark, as well as by the announcement of new tariffs on several European countries. According to Parliament, these actions undermine stability, predictability and confidence in transatlantic trade relations by using tariffs as a mechanism of political coercion.

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What is in suspense

The so-called Turnberry Agreement provided, among other things, for the elimination of tariffs on U.S. industrial products entering the EU and the establishment of tariff quotas for certain agri-food products. In return, the United States maintained a 15% tariff on most European exports.

With the Parliament’s decision, the EU will not implement its part of the agreement, as parliamentary ratification is an essential step for its entry into force.

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Current situation and next steps

The suspension is not definitive, but will be maintained until the threats cease and the U.S. shows willingness to resume a path of cooperation. In the meantime, the agreement does not enter into force and its processing is frozen sine die.

At the same time, the Parliament’s Trade Committee has announced that it will ask the European Commission to activate the anti-coercion mechanism, which opens the door to possible countermeasures if the situation worsens.

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Impact for commercial relations

The decision introduces a new factor of uncertainty in EU-US trade relations, which remain one of the main axes of international trade. Until the European Parliament reactivates the procedure, the agreement remains blocked and without full legal effect.