While the EU aims to strike a deal with the U.S., the bloc has a secret weapon up its sleeve called the Anti-Coercion Instrument. If enacted, the instrument could impose significant economic sanctions on U.

The White House’s “liberation day” is turning into a week of value destruction – and all eyes are on Europe as it draws up a hit list of US products to levy.

The European Union is deepening other trade partnerships as U.S. relations sour. But with China, the relationship could get closer — or more combative.