That triggered an emergency meeting of European countries’ representatives Sunday, and French President Emmanuel Macron reportedly asked the European Union to activate its so-called anti-coercion instrument, colloquially known as a “trade bazooka.” The trade bazooka could block some of America’s access to EU markets or impose export controls, among a broader list of potential countermeasures. “Trump’s latest threats risk shredding the trade arrangements the US concluded with both the UK and the EU last summer, and further straining relations with America’s closest allies,” Hamilton said. In 2024, the United States traded $236 billion worth of goods with Germany, according to the US Census Bureau, in addition to $147.7 billion with the United Kingdom, $122.27 billion with the Netherlands, $103 billion with France, and tens of billions of dollars each with Sweden, Norway and Finland.
Author: Auzinea Bacon
Published at: 2026-01-18 22:59:50
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