The EU needs to deploy its 'bazooka' anti-coercion trade weapon and show it means business, since tariff negotiations with the US won't lead to a balanced outcome, the European Commission's former chief of trade has told Euronews in an interview.
“Trump isn't looking for an agreement — he's engaging in mafia-style extortion,” said former Director-General of DG Trade Jean-Luc Demarty, adding: "In addition to the €93 billion in retaliatory measures, I would add the triggering of the anti-coercion instrument. What Trump is doing is clearly coercion. It would be a way to show that we’ve put our Colt on the table for the negotiation.”
