EU Mulls a 'Trade Bazooka' to Counter Trump Tariffs Over Greenland
The EU is weighing use of its anti-coercion instrument—referred to as a 'trade bazooka'—to retaliate against new U.S. tariffs on NATO allies over troops sent to Greenland. French President Macron and EU officials are considering activating the tool, which could include measures like taxes on U.S. tech, investment restrictions, or limits on market access, potentially delaying or complicating a stalled EU–U.S. trade deal while signaling a united European response to economic coercion.