Amid rising trade tensions, European officials are exploring the implementation of barriers on U.S. imports, particularly targeting Big Tech and financial institutions. Ursula von der Leyen, President of the European Commission, emphasized Europe’s strength to respond to U.S. tariffs on key goods. The EU is contemplating the use of the anti-coercion instrument, seen as a last-resort option, to potentially limit American banks' access to a substantial public procurement market and impose greater tax pressures on U.S. digital platforms. This response reflects a determination to defend the EU's economic stability.
I personally think the big bazooka should be used first to counteract the ongoing trade war and protect our economic interests.
Brussels could use the anti-coercion instrument to target America's tech giants and financial institutions if trade discussions decline further.
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