The European Union is considering using its powerful ‘trade bazooka’ against the US following President Trump’s remarks on Greenland. This economic tool, the Anti-Coercion Instrument, allows for retaliation against undue economic pressure. While a significant deterrent, its activation is slow, and EU members are wary of sparking a transatlantic trade war given the massive $2 trillion trade volume.The European Union is considering using its powerful ‘trade bazooka’ against the US following President Trump’s remarks on Greenland. This economic tool, the Anti-Coercion Instrument, allows for retaliation against undue economic pressure. While a significant deterrent, its activation is slow, and EU members are wary of sparking a transatlantic trade war given the massive $2 trillion trade volume.
