EU advances anti-coercion push with trade restrictions as countermeasures

The European Commission and EU member states on Tuesday announced that they and the European Parliament had reached a political agreement on an anti-coercion instrument that would allow the EU to impose tariffs on third countries it determines are economically coercive toward any of its member states. The Commission in December 2021 first proposed the creation of an anti-coercion instrument -- just one month before bringing a World Trade Organization dispute settlement case against China, claiming Beijing had restricted trade...