Ireland will urge EU to deploy trade 'big bazooka' only if diplomacy fails, as Taoiseach warns of major job losses
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Ireland will urge EU to deploy trade 'big bazooka' only if diplomacy fails, as Taoiseach warns of major job losses
"Ireland remains cautious about deploying the so-called "big bazooka" economic mechanism against the US, despite Europe moving closer to using the trade weapon in response to threats to take Greenland. Amid reports that Germany is moving towards supporting France in its call for EU member states to ask the European Commission to unleash the Anti-Coercion Instrument, Ireland has remained coy on its position and is instead calling for dialogue to avert an all-out trade war."
"European stance hardens as Donald Trump says 'no going back' on bid to seize Greenland Ireland remains cautious about deploying the so-called "big bazooka" economic mechanism against the US, despite Europe moving closer to using the trade weapon in response to threats to take Greenland. Amid reports that Germany is moving towards supporting France in its call for EU member states to ask the European Commission to unleash the Anti-Coercion Instrument,"
European governments are preparing to use a new trade defense called the Anti-Coercion Instrument in response to US threats over Greenland. Germany is reportedly moving toward backing France’s call for EU member states to ask the European Commission to activate the mechanism. Ireland remains cautious and hesitant to deploy the so-called "big bazooka" economic weapon against the US. Ireland prefers dialogue to avoid escalation and potential all-out trade war. The situation intensifies as Donald Trump asserts 'no going back' on the bid to seize Greenland, raising bilateral tensions.
Read at Irish Independent
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