The Latest Breaking News from Emmanuel Macron

In addition to limiting trade in goods and services, the anti-coercion instrument could also target foreign direct investment and financial markets.

Pressure is mounting on the European Union to deploy its anti-coercion instrument in response to President Trump's threat to impose tariffs until Denmark agrees to sell Greenland. France's Macron calls for trade bazooka to be deployed, while Italy's Meloni says Trump's tariffs are an 'error'.

Emmanuel Macron calls on fellow leaders to use powerful anti-coercion instrument if US goes ahead with tariffs

European leaders have warned transatlantic ties are at risk after President Donald Trump's announcement that eight countries, including France, will face tariffs of up to 25 percent if they continue to oppose the United States' bid to acquire Greenland. French President Emmanuel Macron called the threats "unacceptable".