Exasperated, the European Union made it clear over the weekend and on Monday 19 January that it would not be cowed by yet another act of blackmail by US President Donald Trump, who unleashes new threats of tariffs with each new upset. Recourse to the ‘anti-coercion’ tool, the EU’s ‘trade bazooka’ against hostile countries, is on the table, but does not appear to be the preferred instrument at this stage.
The US administration has announced a 10% tariff increase targeting eight...