huppakeeWhat is the EU's anti-coercion instrument, and how does it work?
ckmnstrGood first step, but this is so quintessentially EU. "You’d better not force our decision making, lest we wait for months! You’d better not keep at it then, or else we’ll come talk to you!! You’re still coercing us? We’re now strongly thinking about counter measures, one of them being actual leverage!!!
Riddick3001We don’t want to fold to idiot autocrats and we definitely don’t want any US threats to our souverignity and (autonomous) EU countries.
Tariffs and trade barriers are like shooting yourselves in the foot.This anti coercion instrument has never been applied and is kind of last resort thing. But could probably cause a Covid-era like inflation here in the EU.
I’ll be happy though to see the old Trump deal rejected by EP and EU, and have a new or better one .If this instrument really works, it’s one of the few things we might have to shut the “Orange danger” up. If we are to use it, we need all memberstates to be on board, or else it won’t work and it will only cost us.
It will definitely force Europe to digitally decouple from the US, so maybe it’s the only way forward.