US Trade Wars Look Set to Ensnare Services Economy: Supply Lines

The US’s top trade official is threatening to use “every tool” at his disposal against major European service providers including DHL, Siemens and Spotify if officials in Brussels don’t stop “harassing” American tech giants.

Among the measures under consideration is a possible investigation under Section 301 of the Trade Act of 1974 that would allow the US administration to impose remedies including fees and other types of restrictions, Bloomberg News reports this week.

Washington’s threat mentions the EU specifically but it applies more broadly. “The United States will take a similar approach to other countries that pursue an EU-style strategy in ...