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Nope, the EU should use the trade bazooka against the US.
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The trade bazooka was an empty threat. This is somewhat similar to the trillion dollar coin[1]. It's a tool used for negotiations, not a real thing. If the trade bazooka was real, wasn't this the best opportunity to use it? What else could it be saved for?

[1]: https://en.wikipedia.org/wiki/Trillion-dollar_coin

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the trade bazooka was made to threaten china, not the US. its just conveniently placed at the moment
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You're not going to get free trade if it's unilateral, because you've then created an incentive for the other side to protect their own industries knowing you're not going to retaliate, while reaping the benefits of access to your market.
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Unilaterally not hitting you head against the wall is bad, because you remove the incentive for the other side to stop hitting their head against a wall?

> while reaping the benefits of access to your market.

Huh, what? Trade is a win-win situation: you and your people benefit from imports, too.

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