09
May
European Commission launches public consultation on U.S. countermeasures and prepares WTO challenge
On Thursday, 8 May, the European Commission opened a four-week public consultation on a list of U.S. imports worth €95 billion subject to countermeasures, and on possible restrictions on certain EU exports to the US. This comes as the Commission is negotiating a mutually beneficial solution to U.S. tariffs—otherwise it will proceed both with targeted EU duties and a World Trade Organization (WTO) dispute.
The list covers U.S. industrial and agricultural goods totalling...