India, Jan. 21 -- The European Parliament's move to suspend work on an EU-US trade agreement is a dramatic shift in the already fragile state of transatlantic relations. The move comes against the backdrop of renewed pressure from President Donald Trump regarding Greenland and tariff threats against European allies. The trade between the EU and the US is valued at over €1.3 trillion per year. This means that the current standoff is more than a symbolic gesture. The message is clear: Brussels will not be coerced.

Trump's attempt to seize control over the self-governing Danish territory of Greenland has struck a chord with Europe. During his remarks at the World Economic Forum in Davos, he was met with swift rebuke from EU members. "...