TELETRADER News
10/14/2021, 10:32 PM (Source: TeleTrader)
more TeleTrader news

EU urged to prepare for trade war with UK - report

European Union Member States are pushing the bloc's Brexit Commissioner Maros Sefcovic (pictured) to prepare for a possible trade war with the United Kingdom if the ongoing negotiations between the two sides fail, the Financial Times reported on Thursday.

Citing diplomatic sources, the report indicates that France, Germany, Italy, Spain, and the Netherlands pushed for contingency plans on dealing with the UK if the latter decides to dissolve the trading agreements in the Northern Ireland Protocol.

Some of the measures that have reportedly been proposed include imposing tariffs on UK exports, restraining the country's access to EU energy supplies, and terminating the entire trading agreement between the two sides.

Baha Breaking News (BBN) / OL