Latest news and stories about trade sanctions in Portugal for expats and residents.
The instrument has not been used to date and would allow restrictions on the activities of US companies in the EU.
All eyes are on how far Germany and France can align on a riposte to Trump.
After Trump’s renewed threats against the EU, the European Parliament decided to postpone indefinitely the ratification of the agreement that would remove tariffs on US exports to the single market.
Donald Trump raised the level of diplomatic tension by announcing tariffs of 10% (which could rise to 25% in June) against eight European countries that oppose the US purchase of Greenland. Among those targeted are countries such as France, Germany and Denmark. In response, French President Emmanuel Macron described the threats as “unacceptable” and urged the European Union to activate its powerful Anti-Coercion Instrument. This mechanism, never used before, would allow Brussels to respond with severe trade sanctions to protect European sovereignty.
