EU Prepares 'Trade Bazooka' Against US Tariffs; France Leads Retaliation

• The European Union is preparing to impose retaliatory tariffs on the US, potentially starting February 6, in response to US tariff threats.
• US President Donald Trump announced a 10% tariff on goods from countries not supporting the US on the Greenland issue, escalating to 25% by June 1.
• European countries, including Britain, have condemned Trump's tariff threats, viewing them as economic blackmail.
• The 'Trade Bazooka' is a system allowing the EU to impose counter-tariffs, restrict US goods/services, and prevent US companies from bidding on EU contracts.
• Reports suggest the EU could impose up to 93 billion euros in tariffs or exclude American companies from the European market.

Why It Matters: The EU is uniting to counter US tariff threats with a 'Trade Bazooka' to protect its economic interests.