The transatlantic trade agreement between Brussels and Washington will not be approved by EU lawmakers after US President Trump threatened to impose 10% tariffs on eight European countries over their stance on Greenland. This was announced by German Member of the European Parliament (MEP), Manfred Weber, leader of the European People's Party (EPP), the largest faction in the European Parliament, DW reports.

The EPP supports the EU-US trade deal, but given Donald Trump's threats regarding Greenland, its approval is impossible at this stage. The introduction of zero tariffs on American goods should be suspended, Weber noted.

The agreement was intended to set US tariffs on EU imports at 15% in exchange for the EU eliminating tariffs on US exports.

According to Politico, the European Parliament was supposed to vote on its position on the elimination of tariffs on US industrial goods on January 26. But now the MEPs can confirm their readiness to freeze this deal as early as Wednesday.

The compromise was reached after lengthy negotiations between Washington and Brussels, Reuters reports.