"For the European leaders descending on the Swiss Alpine town, the tariff threat is yet another major blow to the already damaged transatlantic relationship. The European Union has hit back against Trump's threats, even drawing up retaliatory economic measures against US companies and discussing the use of its so-called Anti-Coercion Instrument (ACI) that can limit US firms' access to the massive EU single market."
"The episode has once again underscored Europe's need to shrug off its complacency and reassess its reliance on the US for everything from defense to technology, a theme that's also a big talking point at the WEF meeting. EU Commission President Ursula von der Leyen told WEF participants that the "seismic change" Europe was currently going through was "an opportunity," and in fact "a necessity to build a new form of European independence.""
Donald Trump's return to Davos and his threat to impose tariffs on close US allies to force support for annexing Greenland have intensified transatlantic tensions. The tariff threat represents another major blow to an already damaged US–Europe relationship. The European Union has prepared retaliatory economic measures and is considering use of its Anti-Coercion Instrument to limit US firms' access to the single market. European leaders are reassessing dependence on the United States across defense and technology. EU Commission President Ursula von der Leyen called the ongoing seismic change an opportunity and a necessity to build new European independence.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]