US, EU to Boost Security Tools as G-7 Eyes Economic Coercion
- The Trade and Technology Council meets later this month
- US and EU are aligning efforts to curb countries’ trade abuses
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The US and European Union will pledge to step up coordination on security measures like export restrictions, the screening of outbound technologies and foreign investment controls to fight back against economic coercion from countries such as China.
The US and EU will also commit at the fourth meeting of the Trade and Technology Council later this month to address these issues within the framework of the Group of Seven as well as the World Trade Organization, according to a draft copy of the TTC conclusions seen by Bloomberg.