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National News

The Times of India

National / The Times of India

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Trump tariff war: What is Europes trade bazooka? How it could hit US

The European Union is considering using its powerful 'trade bazooka' against the US following President Trump's remarks on Greenland. This economic tool, the Anti-Coercion Instrument, allows for retaliation against undue economic pressure. While a significant deterrent, its activation is slow, and EU members are wary of sparking a transatlantic trade war given the massive $2 trillion trade volume.

21 Jan 2026 9:47 pm