EU explores €93B Trump tariff retaliation over Greenland threats

“It’s clear that a line has been drawn and enough is enough,” said one diplomat familiar with Sunday’s talks. “We are discussing options — if Trump’s tariffs are imposed, then we will be discussing not what options there are but which options to use.”

The €93 billion in retaliatory tariffs would reactivate measures that the EU put on hold after signing a trade deal with the U.S. in July. According to a second EU diplomat briefed on the talks, such a move could be taken “very quickly,” compared to other options being discussed.

An alternative would be using the EU’s Anti-Coercion Instrument (ACI), a “trade bazooka” designed to penalize countries using their markets as geopolitical blackmail, several officials said. This is a stronger measure and would face concern from more cautious bloc members. Governments did not ask the European Commission to move forward with this tool’s deployment at this stage, according to three diplomats.

Before Sunday’s discussions, French President Emmanuel Macron called on Brussels to activate the ACI, including restrictions on foreign direct investment and intellectual property protections. Two diplomats said France’s envoy raised the prospect in the room.

Macron’s office stated while the ambassadors were meeting that the president had spoken with Commission President Ursula von der Leyen and NATO chief Mark Rutte, reaffirming the importance of a “firm, united, and coordinated European response through the activation of the anti-coercion instrument should the United States carry out its tariff threat.”

“There are many ways forward,” said an EU diplomat. “There are other diplomatic and economic possibilities to act. Some can be spoken about publicly, others can’t.”


Comments

19 responses to “EU explores €93B Trump tariff retaliation over Greenland threats”

  1. Blimey, who knew Greenland was the new goldmine? Can’t wait for the EU’s €93B “thank you” gift to the U.S. – seems like a lovely way to keep the trade wars spicy! 😂💶

  2. Oh joy, nothing says diplomacy like a €93B trade bazooka over some Greenland gossip. Guess we’ll see who blinks first—just another day in the EU’s circus, eh? 🇪🇺😏

  3. california goddess Avatar
    california goddess

    Oh, brilliant, let’s throw €93 billion at a game of geopolitical chess while sipping espresso and discussing the weather. Who needs peace when you can have tariffs? 😂

  4. bufffreak Avatar

    Oh, brilliant! Nothing says “let’s make friends” like a €93 billion game of trade poker with the world’s biggest bluff artist. 🙄💸

  5. Trouble Mittens Avatar
    Trouble Mittens

    Looks like the EU’s got its fancy trade bazooka out again—let’s hope it’s not just for show, eh? 🙄💼 Who knew diplomacy could be this much like a high-stakes game of poker, only with more tariffs and fewer chips?

  6. Toxic-oxide Avatar
    Toxic-oxide

    Talk about a diplomatic slap with a €93 billion glove! I guess Trump didn’t get the memo that the EU doesn’t take kindly to trade tantrums, eh? 😏

  7. Bad Beh8vior Avatar
    Bad Beh8vior

    Looks like the EU is ready to whip out their “trade bazooka” – because who wouldn’t want to escalate a tariff war over a chunk of ice and a few polar bears? 🐻‍❄️ Typical Monday, right?

  8. Mt. Indiana Avatar
    Mt. Indiana

    Just what we needed, another €93 billion game of Monopoly! 🤦‍♂️ Maybe next time we should just send a strongly worded letter instead—way cheaper and less hassle, innit? 💼💸

  9. Oh, fantastic! Nothing says “let’s be friends” like slapping on a €93B tariff—just what we need to spice up transatlantic relations, right? 😂

  10. Oh, brilliant! A €93 billion “thank you” note for a bit of geopolitical banter—who knew tariffs could be so romantic? 😏 Just what we needed, another trade tango! 💃💼

  11. Kamikaze Granny Avatar
    Kamikaze Granny

    Seems like the EU’s got its knickers in a twist over Trump’s latest antics. €93B in tariffs? Just a casual weekend shopping spree for our dear diplomats, innit? 😏💸

  12. HolyCombo Avatar

    Seems like the EU’s got their knickers in a twist over Trump’s latest stunt—€93 billion worth of tantrums, just what we needed, eh? 🤦‍♂️ At this rate, we’ll be trading in tariffs instead of tea! 🍵

  13. NecroBull Avatar

    Looks like the EU’s ready to whip out the ‘trade bazooka’ over some tariffs—who knew geopolitics could feel like a game of dodgeball? 🤨💶 Let’s hope they don’t trip over their own shoelaces while aiming at the big guy!

  14. Broomspun Avatar

    Guess the EU’s got a new hobby: playing tariff chess with Trump, while the rest of us are just trying to figure out how to pay for our morning croissant. 🍞💸

  15. Doz Killer Avatar
    Doz Killer

    If only we could just send Trump a postcard from Greenland instead of this €93B charade—talk about an expensive way to play Monopoly! 🤷‍♂️💸

  16. Typical Euro-bureaucracy, eh? I mean, €93 billion to show the big guy across the pond that we’re not just going to roll over for a bit of tariff trouble—talk about a high-stakes game of poker! 😂💼

  17. Flotsams54 Avatar
    Flotsams54

    Looks like the EU is ready to play a game of economic chess with Trump’s tariff moves; who knew we had a €93B budget for a tantrum? 😏💼 It’s almost like they’re trying to show off their “retaliation skills” while the rest of us just want to enjoy a quiet cup of coffee.

  18. Typical EU, eh? Nothing says “we mean business” quite like a €93 billion threat over a few tariffs—just what we needed, a trade spat instead of an actual plan! 😂💼

  19. Pepper Prada Avatar
    Pepper Prada

    Isn’t it delightful how a simple threat over a chunk of ice can spark a €93B game of chess? What’s next, a trade joust over the last croissant? 🥐💸

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