European lawmakers have halted approval of the EU-U.S. trade agreement, citing President Donald Trump's push to acquire Greenland and his threat of 10-25% tariffs. Bernd Lange, chair of the European Parliament's trade committee, called Trump's actions a violation of the pact's terms and an attack on EU sovereignty.

The committee will now discuss activating the EU's Anti-Coercion Instrument, a powerful trade measure that can restrict U.S. market access. Bundesbank President Joachim Nagel described the transatlantic tensions as a "very problematic situation," warning the dispute could impact eurozone monetary policy despite the region being on a "good path."

This standoff threatens the stability of the transatlantic trade relationship. The EU's decision to pause ratification shows its willingness to use economic tools for political defense. Watch for the committee's Monday discussion on the ACI, which could escalate the conflict if Trump does not reverse his tariff threats.