
Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.
One of the officials said that “all options are on the table” and emphasized that the ACI was the most forceful response possible without violating international law.
Market reaction
EUR/USD appears unperturbed by these headlines, adding 0.14% on the day to retest 1.0400.
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