The EU says it抯 going to get tough on trade ?and that could have ramifications for U.S., China


?span style='font:7.0pt "Times New Roman"'>         Over the past few years, the EU has struggled to push its multilateral trade agenda.

?span style='font:7.0pt "Times New Roman"'>         Despite this challenge, the European Commission believes it is time to develop commerce around the world even further, so it can better deal with the economic shock from the coronavirus crisis.

?span style='font:7.0pt "Times New Roman"'>         But by proclaiming a new more 揳ssertive?position, there could be ramifications for China and the United States.


Silvia Amaro, CNBC

Feb 18, 2021


LONDON ?The European Union will take a new approach to international trade, recognizing that it抯 time to stand up for itself after challenging times with countries like the U.S.


The European Commission, which negotiates trade deals on behalf of the 27 member states, proposed on Thursday new tools to become a more 揳ssertive?player in global trade. The region is a top trading partner for 74 nations around the world and two-way trade accounts for about 43% of its total GDP growth, according to data from the commission.


揟he challenges we face require a new strategy for EU trade policy,?the EU抯 trade chief, Valdis Dombrovskis, said Thursday.


揑t should also give us the tools to defend ourselves when we face unfair trade practices. We are pursuing a course that is open, strategic and assertive, emphasizing the EU抯 ability to make its own choices and shape the world around it,?he added...


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