The Big Bazooka, a powerful instrument which up until now has never been used

Guardian:

France’s president, Emmanuel Macron, called on fellow leaders to activate the EU’s powerful anti-coercion instrument – commonly known as the “big bazooka” – if Trump went ahead with his tariff threats, French media reported, citing his team.

After the talks broke up, the head of the European Council António Costa announced an emergency EU summit, which is likely to take place on Thursday. The EU, he said, showed “readiness to defend ourselves against any form of coercion”.

Italy’s prime minister, Giorgia Meloni, said Trump’s tariffs would be a mistake, and the Dutch foreign minister, David van Weel, described the US president’s threats to allies as “blackmail”, as reaction from European leaders continued to pile up.

The anti-coercion law, which has so far never been used, enables the EU to impose punitive economic measures on a country seeking to force a policy change.