Trump's Tariffs: EU Prepares 'Trade Bazooka' Against US, Global Trade War Looms

• US President Donald Trump's 10% tariffs on eight European countries supporting Greenland have escalated into a potential trade war.
• The EU plans retaliatory tariffs of 93 billion Euros (approx. $108 billion) targeting key US sectors like agriculture, auto, and technology.
• The dispute stems from Trump's desire for Greenland, which Denmark and its allies oppose, leading to tariff threats.
• Europe is considering deploying its 'Anti-Coercion Instrument' or 'Trade Bazooka' to restrict US market access, control exports, and impose IP restrictions.
• The trade war could lead to higher prices for US consumers, isolation for the US, and significant losses for American exporters.

Why It Matters: Trump's tariffs on European allies over Greenland could trigger a devastating trade war with the EU's 'Trade Bazooka'.