Brussels has a last-resort 'trade bazooka'

9 months ago

Transatlantic trade tensions are increasing, with pressure on the EU to respond.
President Trump's August 1 deadline threatens 30% tariffs if no deal is reached.
EU negotiators are working to lower rates but preparing multiple countermeasures.
A €93 billion retaliation package on U.S. goods is ready if no deal is made.
Additional retaliatory measures targeting U.S. services are being considered.
The EU may deploy the Anti-Coercion Instrument, dubbed the 'trade bazooka.'

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