Home › Archive › In the Media › iROZHLAS | The EU is considering an economic ‘bazooka’ in response to Trump's tariffs. US firms could face billions.iROZHLAS | The EU is considering an economic ‘bazooka’ in response to Trump's tariffs. US firms could face billions.
Two years old and never used yet. The so-called instrument on protection against economic pressure is one of the options that the European Union can resort to in response to the tariffs announced by US President Donald Trump. An extreme option would be to partially cut off US banks from European public procurement. These are projects worth up to two trillion euros a year (about 50 trillion crowns). Filip Křenek, an analyst at the EUROPEUM Institute, comments for iROZHLAS.
3. April 2025
From my point of view, the room for manoeuvre is quite small. The European Union has been attempting to do this continuously since the Trump administration took office... The US President has also declared that he does not want to negotiate with the European Union, but with individual states, which is, of course, a classic strategy to divide its unity.
I think that basically all options are on the table now, starting with some retaliatory tariffs targeting specific sectors. We have already seen this in the past in response to the US steel tariffs. The situation is different now in that these are across-the-board tariffs, not just against Europe, but against the whole world. I think that opens up room for using this instrument, for example.
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