The European Union (EU) will retaliate if threats by the United States (US) to impose tariffs on European allies over Greenland come true, but it is too early to consider using the EU's Anti-Coercion Mechanism (ACI), Irish Prime Minister Michael Martin said today.
ACI is the European Union's mechanism to protect itself from economic pressure and blackmail from other countries. It is a tool with which the EU can retaliate if a country tries to force it into political concessions through the use of tariffs, sanctions, import bans, pressure on companies and similar measures.
"The pace here has accelerated extremely dramatically and very quickly. Rest assured that Europe, if these tariffs are imposed, will certainly retaliate, and that would lead to a very serious global situation," Martin said in an interview with RTE.
He stressed that dialogue must occur to prevent this, Reuters reports.
"We are not going into details for now and I think (the Anti-Coercion Mechanism) is premature at this point, but of course, it could be on the table," he added.
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