US EditionMacron urges EU to consider trade ‘bazooka’ in response to US tariffs threat
Macron urged use of the EU's Anti-Coercion Instrument to deter U.S. tariffs, citing $2 trillion in annual EU-U.S. trade and potential sanctions on firms and market access.
- On Tuesday in Davos, French President Emmanuel Macron urged the European Union to deploy its Anti-Coercion Instrument, calling it `a powerful instrument` amid U.S. tariff threats and advocating steep tariffs as part of the response.
- Rattled by President Donald Trump's aggression toward Greenland, European Union leaders are readying counter-measures and will hold an emergency summit in Brussels on Thursday.
- The Anti-Coercion Instrument allows the EU to sanction individuals or institutions applying pressure, restricting market access, barring firms from public tenders, and was created in 2021 after Beijing restricted trade with Lithuania.
- Activation would take at least six months and the European Commission stresses the Anti-Coercion Instrument is mainly deterrence, while political support is thin across the 27-nation EU except in France.
- The economic stakes are high: EU-U.S. trade totaled 1.7 trillion euros in 2024, and Europe's largest exports to the U.S. include pharmaceuticals, cars, aircraft, chemicals, medical instruments, and wine and spirits.
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69 Articles
European Leaders Are Quietly Preparing to Use Their 'Trade Bazooka' Against the US: Report
Arctic ice is not as cold as the relationship between the European Union and the United States, as the EU considers rolling out an untested economic “bazooka” against the United […] The post European Leaders Are Quietly Preparing to Use Their 'Trade Bazooka' Against the US: Report appeared first on The Western Journal.
This is what the EU’s trade bazooka was meant for
Having for once been prescient in endowing itself with a policy instrument in line with the times, it would be irresponsible for the EU to give up just because the coercion at hand comes from the most powerful country in the world.
DEXYPTAGE - Emmanuel Macron pushes for the EU to draw its "anti-coercion weapon". Except that its handling is risky, as the Old Continent's dependence on American power is great.
Europe's economic 'bazooka' threatens a trade fight the US isn't ready for
The European Union could roll out a trade "bazooka" if President Donald Trump escalates his tariff threats.Anna Moneymaker/Getty ImagesTrump escalated his Greenland standoff by threatening new tariffs on EU countries.EU leaders said they would consider using an anti-coercion tool, nicknamed a trade "bazooka," in response.The tool could strain services, which is the US's advantage in the global economy.Europe is weighing retaliation if President …
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