EU Parliamentary Delegation to the US Chair Benifei says he will call for the European Commission to bring out the "trade bazooka", as they need a mechanism that makes violating trade agreements too costly for the US

This statement signals a potential escalation in EU-US trade tensions, as the call for a "trade bazooka" indicates an intention to implement strict measures against trade violations by the US.

Newsquawk StaffPublished 4 May 2026, 06:32 UTCOn the live feed at 06:12 UTC — 2 more headlines followed before this page went public

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06:31

ECB's Villeroy says they are facing an unprecedented shock. Expects France to have a deficit of 5% of GDP, should avoid a recession.

06:30

Swedish Swedbank Manufacturing PMI (Apr) 57.2 (Prev. 56.3)

06:12

EU Parliamentary Delegation to the US Chair Benifei says he will call for the European Commission to bring out the "trade bazooka", as they need a mechanism that makes violating trade agreements too costly for the US

06:02

Additional European Equity News

05:56

Iranian Major Abdullahi says any foreign armed forces, particularly the US, would be attacked if they approach and enter the Strait of Hormuz

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Context

Such rhetoric could lead to increased volatility in the markets, particularly in sectors reliant on transatlantic trade, and may also influence broader risk sentiment as investors assess the implications of heightened economic conflicts.

All markets · last 90 days

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