Rattled by President Donald Trump’s aggression towards Greenland, the European Union is readying counter-measures against the United States.
But as primarily a trading bloc of 27 nations, the EU’s toolkit is mostly financial instruments, from steep tariffs on US goods to the so-called “trade bazooka” touted by French President Emmanuel Macron.
The term is shorthand for the bloc’s Anti-Coercion Instrument, or ACI, that could sanction individuals or institutions found to be putting undue pressure on the EU.
Those sanctions could inflict untold billions of dollars in costs to US companies by restricting EU market access, barring them from EU public tenders, and potentially limiting foreign direct investment and curtailing the export and import of goods and services.
So far, there’s little backing in the 27-nation EU to use it, with the exception of France.
Macron warned in Davos on Tuesday that additional tariffs by the US could force the EU to use its anti-coercion mechanism for the​Rattled by President Donald Trump’s aggression towards Greenland, the European Union is readying counter-measures against the United States.
But as primarily a trading bloc of 27 nations, the EU’s toolkit is mostly financial instruments, from steep tariffs on US goods to the so-called “trade bazooka” touted by French President Emmanuel Macron.
The term is shorthand for the bloc’s Anti-Coercion Instrument, or ACI, that could sanction individuals or institutions found to be putting undue pressure on the EU.
Those sanctions could inflict untold billions of dollars in costs to US companies by restricting EU market access, barring them from EU public tenders, and potentially limiting foreign direct investment and curtailing the export and import of goods and services.
So far, there’s little backing in the 27-nation EU to use it, with the exception of France.
Macron warned in Davos on Tuesday that additional tariffs by the US could force the EU to use its anti-coercion mechanism for the ​Latest News [ SOBAN NEWS: International and National ]
