Europe's best tools for countering Trump

Assigning a small amount of risk to US government bonds would be a meaningful, targeted way to hit Trump where it hurts, writes Daniel Gros, director of the Institute for European Policymaking at Bocconi University

The EU could hit the US where it hurts.

Now that US president Donald Trump has climbed down from his demand to “own” Greenland, an imminent trade war between the United States and the European Union has been averted. 

But there is little reason to think that the Trump administration will not find more reasons to coerce and antagonize Europe, including with renewed tariff threats. But, contrary to the Trump administration’s narrative, EU leaders have options to push back.