EU prepares to hit Large Tech in retaliation for Donald Trump’s tariffs – FT

The Monetary Occasions studies that the EU is getting ready to hit Silicon Valley in a possible retaliation if Donald Trump carries out his threats to impose tariffs on the bloc, marking the primary activation of a Brussels “bazooka” that might carry providers right into a commerce battle.

The European Fee intends to make use of its “anti-coercion instrument” in a possible conflict with Washington which might allow the EU to focus on US service sectors like Large Tech.

One official famous that “all choices are on the desk” and highlighted the ACI as probably the most forceful response doable with out violating worldwide regulation. It additionally permits the EU to dam overseas direct funding or prohibit
market entry for banking, insurance coverage and different monetary providers corporations.

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If that occurs, the playbook might be the identical: fading the unfavorable response in expectations of negotiations and a pause/delay of tariffs.

This text was written by Giuseppe Dellamotta at www.ubaidahsan.com.



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