New Delhi, Jan. 21 -- As US President Donald Trump has consistently threatened to acquire Greenland, the European Union is planning countermeasures against the United States.

Primarily functioning as a trading bloc, the EU's main tools are mostly financial instruments, including steep tariffs on US goods and the so-called trade bazooka promoted by French President Emmanuel Macron. However, most of the 27 EU member states have remained doubtful about using these measures.

Macron called the tool as "a powerful instrument, and we should not hesitate to deploy it in today's tough environment," an AP report quoted the French President.

The term is shorthand for the bloc's anti-coercion instrument, which includes a range of measures to block...