The European Union and the Mercosur bloc of South American countries have formally signed a long-sought landmark free trade agreement.

The European Union is on the verge of concluding a free trade agreement with India, although work remains to get it over the line, European Commission President Ursula von der Leyen said in a speech at the World Economic Forum in Davos on Tuesday.

The European Union is preparing a response to U.S. President Donald Trump's threat to impose tariffs on NATO allies over Greenland, with leaders set to discuss retaliation options at a summit on Jan.

Against tough odds, the European Union and four key South American countries are closer than they've been in 25 years to signing a long-delayed free trade deal.

France supports the suspension of a trade deal between the European Union and the United States, Foreign Minister Jean-Noel Barrot told parliament on Tuesday, as a row over the future of Greenland intensified.

The European Union is set to freeze its trade deal with the US, with its members threatening to use its trade “bazooka” policy against America after President Trump threatened a new wave of tariffs in his bid to purchase Greenland.

Representatives of the European Union and South American nations signed a free trade agreement on Saturday, but the deal is not final until approved by a vote of the European Parliament.

European leaders on Saturday said the trade deal with the U.S. and the European Union is on hold after President Trump announced new 10 percent tariffs on Denmark and other European countries over

French President Emmanuel Macron will request the activation of the European Union’s anti-coercion instrument amid increasing calls for the region to retaliate against US President Donald Trump’s new tariffs on European countries over Greenland.