EU Negotiators Agree to Bolster Bloc’s Trade-Sanctions Clout
- Goal is to be able to target nations undermining global rules
- Upgraded law rushed out after U.S. hobbled WTO appellate body
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European Union negotiators agreed to reinforce the bloc’s trade-sanctions powers in response to the U.S. challenge to the global commercial order.
Representatives of EU governments and the European Parliament reached a deal on Wednesday in Brussels to upgrade the bloc’s legislation on applying international trade rules.