The EU continues to finalize the trade agreement after Trump’s withdrawal

The EU Parliament is about to vote on the ratification of the EU-US trade agreement after the president Donald Trump canceled the imposition of new tariffs on eight NATO countries. The President of the European Parliament told about it Roberta Metsola according to the news agency Bloomberg.

The EU suspended the ratification of the trade agreement on Wednesday after Trump’s threats. Trump threatened Finland, Norway, Britain, Sweden, Denmark, the Netherlands, Germany and France with tariffs after they showed their support for Denmark’s claim of Greenland to the United States.

However, the situation was resolved by the Secretary General of NATO Mark Rutten and Trump, and there is an agreement in the works, which should ensure Greenland’s security in the future.

The relationship between the EU and the United States reached rock bottom, and it was feared that it would endanger even the defense alliance NATO. The EU already had time to plan harsh countermeasures that would have responded to Trump’s additional tariffs.

The trade agreement was agreed last July, and it is partially already in use. It is said to be bad for the EU, as the EU has removed almost all tariffs from the US, but the EU pays 15% tariffs on most products. In addition, there are 50 percent tariffs on steel and aluminum.