Eyeing the United States, EU lawmakers back proposal allowing quicker trade retaliation

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Eyeing the United States, EU lawmakers back proposal allowing quicker trade retaliation
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Lawmakers in the trade committee of the European Parliament voted to extend the powers of the 27-nation bloc and deter other countries from breaching global trading rules

Yves Herman/Reuters

“We cannot let a country hit us illegally and unilaterally without us being able to react immediately. We have to make sure that everyone adheres to the rules of international trade,” said Marie-Pierre Vedrenne, the lawmaker in charge of the file.EU trade chief Phil Hogan earlier on Monday said the recent launch of a series of new U.S. trade investigations was totally unacceptable.

However, the United States has blocked appointments to the Appellate Body, complaining it has overreached its mandate, and left it with too few members to rule.

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