EU Pushes for a Revamp of the World Trade Organization

Bloomberg , Jun 19, 2018
by Jonathan Stearns

European Union leaders plan to push for improvements in the way the World Trade Organization operates, saying it’s important to uphold the global commercial order amid “growing” tensions prompted by U.S. President Donald Trump’s tariffs.

At a June 28-29 meeting, EU government chiefs will repeat criticism of U.S. metal-import duties that Trump has justified on national-security grounds and express support for the bloc’s retaliatory measures, according to a draft statement prepared for the summit. Planned European tit-for-tat tariffs, known as “re-balancing” measures, are due to take effect as soon as this week.

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