How Europe's 'trade bazooka' could be a last resort against Trump's tariffs
Publishing timestamp: 2025-07-22 09:03:03
Summary
The EU is considering using its "Anti-Coercion Instrument" to deter a looming 30% tariff on its exports to the United States. The instrument has never been used before and could involve restricting U.S. suppliers' access to the EU market and imposing import and export restrictions. Last-minute talks for a trade deal are ongoing, with the EU targeting a 10% baseline tariff deal and shielding key industries. If necessary, the EU could use the "trade bazooka" as a last resort.
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Keywords: business news, united states, donald trump, amazon.com inc, netflix inc, brussels, microsoft corp, uber technologies inc, foreign policy,
Source: https://www.cnbc.com/2025/07/22/europe-has-a-trade-bazooka-against-trumps-trade-tariffs.html