EU Opts for Talks Over 'Trade Bazooka' Amid Trump's Greenland Occupation Bid

• The EU decided to pursue talks instead of immediate retaliation against US tariffs imposed by Donald Trump.
• Trump announced a 10% tariff on Denmark and seven other European countries for opposing his Greenland occupation campaign, threatening to raise it to 25% if Denmark doesn't sell by June 1.
• The 'trade bazooka' refers to the anti-coercion instrument (ACI) adopted by the EU in 2023, allowing it to punish economic blackmail.
• A €93-billion retaliation package, previously prepared during a US-EU trade war, could be revived after Trump's deadline.
• The EU-US trade deal is in jeopardy, and an extraordinary summit of EU leaders is called for the coming days.

Why It Matters: The EU prioritizes diplomatic talks over immediate trade retaliation against Trump's tariffs and Greenland bid.