00:00The EU is being called on to implement a never-before-used range of economic measures
00:04known as the anti-coercion instrument, as part of the bloc's response to the U.S. president
00:08Donald Trump and his tariff threats over Greenland.
00:11France says Trump is engaged in coercion.
00:15We can see that Donald Trump is using tariffs initially as an economic tool to benefit Americans,
00:22and now he's using them for coercion.
00:25It's clearly a coercive approach that he's using to threaten European countries.
00:33A source close to the French president, Emmanuel Macron,
00:36said he was pushing for activation of the EU anti-coercion instrument.
00:41So just what is it?
00:42It was created in June 2023 and has never been used.
00:46It's dubbed by some as a trade bazooka.
00:49It allows imports from a country to be restricted.
00:52It limits access to certain public procurement markets and certain investments can be blocked.
00:58In the U.S. case, that could shut off its access to the EU single market.
01:03It needs time to implement and EU council approval by a qualified majority,
01:08with the support of at least 55% of EU states representing at least 65% of the EU population.
01:15Not a done deal then, even if the instrument activation process kicks off.
01:20Its use was mooted in spring last year after Trump announced major tariff measures.
01:24It wasn't.
01:25Certain MEPs then question the instrument's dissuasive impact if it isn't used.
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