EU Moves Closer to Sanctions Over Steel
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European Union officials gave the go-ahead for plans to hit the United States with trade sanctions worth hundreds of millions of dollars in a bitter transatlantic dispute over steel.
The European Commission, the EU’s executive body, said members of the 15-nation bloc unanimously backed its idea of retaliating against new U.S. steel duties with sanctions worth $300 million on a range of U.S. goods starting June 18. EU ministers would have to give a second approval for the sanctions to take effect.
The commission also said the EU made a formal request to the World Trade Organization to form a dispute panel to rule on the new U.S. steel duties.
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