EU can strip lobster deal benefits in event of new U.S. duties

The European Commission’s proposal to implement the recently announced tariff agreement with the U.S. allows the bloc to reinstate the duties on lobster if the U.S. imposes new measures on the European Union that “undermine” the relationship -- an effort to ensure the bloc is “not naive,” a Commission trade official said on Thursday. As a part of the agreement, which was announced last month by U.S. Trade Representative Robert Lighthizer and former EU Trade Commissioner Phil Hogan, the EU...