Europe to Coax U.S. Back to WTO Amid Growing China Challenge
- Brussels appeals to Biden to cooperate on WTO reform agenda
- EU puts blame on China for backsliding on WTO commitments
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The European Union will step up appeals to the U.S. to align its foreign policy priorities with the bloc, arguing that a common western front would stand a better chance of forcing China to pursue fairer trade policies.
When the EU unveils its new trade strategy next week, it will concede that the U.S. had valid concerns when it blocked the World Trade Organization’s ability to rule on international disputes, and reform of the Geneva-based body should take those into consideration, according to a draft of the proposal seen by Bloomberg.