French President Emmanuel Macron will ask the EU to activate the bloc’s so-called trade “bazooka” — the Anti-Coercion Instrument — in response to U.S. President Donald Trump’s tariff threats over Greenland.
“He will be in contact all day with his European counterparts and will ask, in the name of France, the activation of the Anti-Coercion Instrument,” Macron’s office said on Sunday.
The instrument offers the EU various punitive trade measures that can be taken against trade rivals that try to threaten the bloc. Those measures include restrictions on investment and access to public procurement schemes, as well as limits on intellectual property protections.
Macron to urge EU to use trade ‘bazooka’ in response to Trump’s tariffs – POLITICO