Overview
- European Parliament leaders plan to pause approval of last July’s EU–U.S. trade deal, with a formal move expected Wednesday in Strasbourg.
- U.S. Treasury Secretary Scott Bessent told reporters in Davos to “sit back, take a deep breath,” warning that escalation would be a mistake.
- EU officials have readied a €93 billion retaliation list and the Anti‑Coercion Instrument, though member states remain split on activating it.
- Denmark confirmed additional troop deployments to Greenland as European capitals coordinate responses and stress diplomatic channels.
- Markets fell on tariff risk, with European stocks sliding and U.S. futures pointing lower as investors weighed the likelihood of a transatlantic trade clash.