EU Weighs Export Restrictions on US If Trade Negotiations Fail

The European Union is working on a proposal to introduce restrictions on some exports to the US as a possible retaliatory tactic in the expansive trade war President Donald Trump initiated last month.

The restrictions would be used as a deterrent and only if negotiations with the US — which has put new tariffs on around €380 billion ($432 billion) of EU goods — fail to produce a satisfactory outcome, according to people familiar with the plan.

Read More: EU Expects US Tariffs to Stay as Talks Make Little Progress

Such retaliation by the EU would mark an escalation in ...