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Brussels has the means to respond to the U.S. for its recent tariff increases, according to France’s trade minister Nicolas Forissier, who shared this with the Financial Times on Saturday.
Paris has been holding discussions with EU colleagues and the European Commission regarding President Donald Trump’s decision to implement a flat 10% global tariff—this move came after the U.S. Supreme Court declared many of the tariffs previously imposed on trading partners invalid.
“For if it becomes necessary, the EU possesses the suitable tools,” Forissier stated to the FT.
Possible EU responses include activating the “trade bazooka”—an anti-coercion instrument (ACI) potentially targeting U.S. tech firms. This tool offers a wide array of measures, such as export restrictions, tariffs on services, and the disqualification of U.S. companies from EU procurement contracts.
There’s also a dormant package of retaliatory tariffs on more than $106 billion worth of U.S. goods that could be reactivated if needed.
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