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

The European Parliament has decided to have the contested EU free trade agreement with four countries from the Latin American Mercosur bloc reviewed by the European Court of Justice (ECJ). At a vote on Wednesday,

President Donald Trump has announced the United States would impose 10% tariffs on multiple European countries unless Denmark agrees to a purchase.

The pause of a trade pact between the EU and Mercosur exposes deep internal divisions within Europe over agriculture and trade liberalization.

Combined, the deal’s partners encompass more than 700 million people and a global economic footprint exceeding $25 trillion in GDP.

European Union leaders gathered Friday to chart a new course in transatlantic relations as U.S. President Donald Trump backed down from his threats to take control of Greenland.