Europe shifts from diplomacy to deterrence.

Europe shifts from diplomacy to deterrence.
Trump’s tariff letter to the EU wasn’t a bluff. It was policy.

Commerce Secretary Howard Lutnick confirmed the 15%+ baseline.
USTR Jamieson Greer backed it.

Berlin flipped.

Germany now backs the anticoercion instrument—Europe’s nuclear option.
It’s never been used. Until now.

The European Commission is drafting targeted strikes.
Digital services. Procurement access. Cross-border M&A reviews.

Not just tariffs. Structural pressure.

$100B in retaliatory levies already pre-cleared.
Public companies. Defense contractors. Dual-listed tech.

No sector is safe.

Meanwhile, U.S. firms still pricing Europe as stable.
Blackstone, KKR, and Apollo are all exposed.

Cross-border deals inked in Q1 are now pending in hostile territory.

The M&A approval map just cracked down the middle.

Watch the clearance timelines.
Then watch what gets walked back.