EU agrees on retaliation to counter economic coercion

Summary Prominent case of Chinese measures against Lithuania Retaliation would be faster than relying on WTO EU measure seen more as a deterrent BRUSSELS, March 28 (Reuters) – The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion instrument (ACI) early on Tuesday. The proposal is designed to counter a spillover of geopolitical tensions into…