EU Raised Concerns With US Over Biden’s China Investment Order
- EU officials worry the measure could hit firms in Europe
- Trade issues fester after EU, US fail to clinch steel deal
President Joe Biden
Photographer: Al Drago/BloombergThis article is for subscribers only.
The European Union has told the Biden administration it’s concerned that US restrictions on outbound investments aimed at China could hit companies in the bloc, adding yet another trade irritant to transatlantic ties.
Senior EU officials have strongly communicated the worries to their counterparts in the US, according to people familiar with the matter and documents seen by Bloomberg.