"One option is a package of tariffs on 93 billion euros of US imports that could automatically kick in on February 6 after a six-month suspension. "We Europeans must make it clear: the limit has been reached," Klingbeil said. "Our hand is extended but we are not prepared to be blackmailed." The other option is the so far never used "Anti-Coercion Instrument","
"Lescure said that although the EU's anti-coercion instrument was above all a deterrent, it should be considered in the current circumstances. "France wants us to examine this possibility, hoping, of course, that deterrence will prevail," Lescure said. He added that he hoped the transatlantic relationship will return to being "friendly and based on negotiation, rather than a relationship based on threats and blackmail"."
Germany and France will not accept blackmail and will present a clear, united response to threats of escalating US tariffs tied to Greenland. President Donald Trump pledged to impose increasing tariffs on imports from European allies until the United States is allowed to buy Greenland, heightening the dispute over Denmark's Arctic island. EU leaders will meet at an emergency summit to weigh a tariff package on 93 billion euros of US imports or to deploy the EU Anti-Coercion Instrument. The instrument could restrict tenders, investments, banking activity or services as a deterrent. France urged examining the deterrent option while expressing hope for negotiation-based transatlantic relations and avoiding harmful escalation to protect both economies.
Read at Irish Independent
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