President Donald Trump imposed a 20% tariff on all imports from the Europe Union. While the EU aims to strike a deal with the U.S., the bloc has a secret weapon up its sleeve called the Anti-Coercion Instrument.
On "Liberation Day," Trump imposed a minimum 10% tariff on numerous countries to “make America wealthy again.” Trump also revealed a sweeping 20% tariff on all imports from the EU. European Commission president Ursula von der Leyen has previously said she is confident in the bloc’s ability to stand up for itself, and hopes to strike a deal.
“Europe has not started this confrontation,” von der Leyen said in the European Parliament. “We do not necessarily want to retaliate, but if it is necessary, we have a strong plan to retaliate and we will use it.”
That plan could involve the Anti-Coercion Instrument (ACI), allowing the bloc to place market limitations on service companies that could hit American tech or Wall Street.
On "Liberation Day," Trump imposed a minimum 10% tariff on numerous countries to “make America wealthy again.” Trump also revealed a sweeping 20% tariff on all imports from the EU. European Commission president Ursula von der Leyen has previously said she is confident in the bloc’s ability to stand up for itself, and hopes to strike a deal.
“Europe has not started this confrontation,” von der Leyen said in the European Parliament. “We do not necessarily want to retaliate, but if it is necessary, we have a strong plan to retaliate and we will use it.”
That plan could involve the Anti-Coercion Instrument (ACI), allowing the bloc to place market limitations on service companies that could hit American tech or Wall Street.
15 hours ago
