The European Union is drafting a proposal to impose restrictions on certain exports to the U.S., which could be used as a retaliatory strategy in response to Trump's initiation of a large-scale trade war. According to insiders, these restrictive measures will serve as a deterrent and will only be implemented if negotiations with the U.S. fail to yield satisfactory results. The U.S. has already imposed new tariffs on approximately 38 billion euros worth of EU goods.
It is reported that this retaliatory action by the EU would mark further escalation in the expanding trade dispute, potentially provoking a tough response from Washington. Additionally, insiders reveal that export restrictions are one of several options being considered by the EU, with other possibilities including expanding the tariff list and limiting U.S. companies' participation in public procurement.
Original Source: https://www.toutiao.com/article/1829737997165642/
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