EU proposes new trade bloc, potentially excluding US
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EU President Ursula von der Leyen proposed a new world trade initiative uniting the EU and 12 CPTPP members, potentially sidelining the US. This ambitious plan aims to reform the global trading order, offering a rules-based alternative to the WTO. The initiative, described as 'mighty' by von der Leyen, would see the EU and CPTPP nations decide on US participation. This move is seen as a response to previous US trade disruptions.
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