EU Moves to Freeze US Trade Deal as Greenland Dispute Escalates. The European Parliament is preparing to suspend approval of a major US–EU trade deal agreed last July, in a move that would further escalate tensions between Washington and Europe. Sources say the decision will be announced in Strasbourg, after Donald Trump renewed threats to impose tariffs on European countries over his push to take control of Greenland. The standoff has already shaken global markets. Stocks fell across Europe and the US, while investors rushed into safe assets, pushing gold to a record high. EU lawmakers argue the deal cannot move forward while the US uses tariffs to pressure Europe over territorial sovereignty. Some leaders, including France's Emmanuel Macron, are now urging retaliation, even as US officials warn Europe not to strike back. With trade worth nearly €1.6 trillion at stake, the dispute risks sliding into a full-scale transatlantic trade war.