"At their disposal are mainly three options: The use of the so-called "trade bazooka" a never-before-used instrument that could even go as far as restricting market access for US companies in the EU. The implementation of retaliatory tariffs. The suspension of the EU-US trade deal, which has yet to come into effect. EU heads of state and government will meet for a summit on Thursday a dinner cobbled together in haste to coordinate which of those options the bloc will use in response to Trump's threats."
"Economic Heavy Weaponry The words on everyone's lips in Brussels right now are "Trade Bazooka" - the slang name for a technical piece of EU legislation agreed back in 2023, officially called the EU Anti-Coercion Instrument, or ACI. Triggering it would allow the European Commission to impose sweeping trade barriers against any country targeted, potentially including market access restrictions and blocks on foreign investment. French President Emmanuel Macron wants the EU to invoke it but Italian Prime Minister Georgia Meloni, among others, is hesitant."
President Donald Trump announced plans to levy 10% trade tariffs on eight European countries after they opposed his annexation of Greenland. EU options to respond include invoking the Anti-Coercion Instrument (the "trade bazooka"), imposing retaliatory tariffs, or suspending the pending EU‑US trade deal. The ACI could allow the European Commission to impose sweeping trade barriers, restrict market access for US companies, and block foreign investment. EU heads of state and government scheduled a hastily arranged summit to coordinate a collective response. France favors invoking the ACI while Italy and other members expressed hesitation.
Read at www.dw.com
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