The European liberal political bloc is calling on EU leaders to establish a pact with Japan, Canada, and South Korea to prevent U.S. President Donald Trump and China from applying excessive pressure on their trade partners.

Axar.az reports, citing Politico, the liberal Renew Europe group in the European Parliament, ahead of Thursday’s summit in Brussels, has proposed what it calls a “Geoeconomic Deterrence Pact,” urging the Commission to “identify and negotiate joint export control agreements” by the end of 2026.

The proposal is set to be published late Wednesday and distributed to EU leaders.

Valerie Hayer, president of Renew Europe, said: "Deterrence is no longer only military — it is economic. In times of geopolitical tension, we will push for a new alliance format when meeting the leaders ahead of the EU summit: this new format sends a clear signal, united in shared leverage, shared interests, and shared consequences, coercion against one will trigger a response from all."

Hayer described the plan as "the foundation of a new democratic geopolitical power.”