"MEPs set to adopt new trade tool to defend EU from economic blackmail
The new trade rules seek to deter foreign powers (= US & China) from bullying the EU or member states into policy changes using economic coercion and enable the EU to take countermeasures" 
https://www.europarl.europa.eu/news/en/agenda/briefing/2023-10-02/1/meps-set-to-adopt-new-trade-tool-to-defend-eu-from-economic-blackmail