Europe's secret 'big bazooka' could be a key retaliatory tool against Trump's new tariffs
Source: Fortune
Europe’s secret ‘big bazooka’ could be a key retaliatory tool against Trump’s new tariffs
Stuart Dyos
Thu, April 3, 2025 at 6:28 AM EDT·3 min read
• President Donald Trump imposed a 20% tariff on all imports from the Europe Union. While the EU aims to strike a deal with the U.S., the bloc has a secret weapon up its sleeve called the Anti-Coercion Instrument. If enacted, the instrument could impose significant economic sanctions on U.S.-based companies within Europe.
President Donald Trump implemented a 20% all-encompassing tariff on the European Union Wednesday, but the bloc has “a strong plan” in its back pocket to pressure the U.S.
On "Liberation Day," Trump imposed a minimum 10% tariff on numerous countries to “make America wealthy again.” Trump also revealed a sweeping 20% tariff on all imports from the EU. European Commission president Ursula von der Leyen has previously said she is confident in the bloc’s ability to stand up for itself, and hopes to strike a deal.
“Europe has not started this confrontation,” von der Leyen said during a speech Tuesday in the European Parliament. “We do not necessarily want to retaliate, but if it is necessary, we have a strong plan to retaliate and we will use it.”
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Read more: https://news.yahoo.com/news/europe-secret-big-bazooka-could-102800145.html
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