US trade war hits EU: Former WTO boss warns European companies at risk in Trump trade war 10/30/2018, 10:43:47 PM THE European Union is certain to be caught in the crossfire as the United States and China slug it out in their escalating trade war, former World Trade Organisation (WTO) director general Pascal Lamy has warned. ✔ European governments have pledged in response to establish new financing channels which shield companies from US sanctions, but a viable programme has yet to emerge ✔ Mr Lamy's report was co-authored by Louis Schweitzer (Image: GETTY) Although the White House declared a truce with Brussels in late July, European companies have been caught in the crossfire of the US’ tariff row with China ✔ They also claimed the move was a violation of WTO rules China reveals trade war strain as yuan slides and manufacturing stalls 10/31/2018, 3:15:39 AM Tensions with the US are beginning to bite amid a wider slowdown in the world’s second biggest economy ✔ The r...
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