The United States has warned the European Union that European companies could face severe retaliation if Brussels restricts American firms’ access to parts of the European market.
US Ambassador to the EU Andrew Puzder issued the warning as tensions grow over European policies aimed at supporting domestic businesses.
According to the Financial Times, Puzder criticized plans that could limit opportunities for American companies in the European Union.
His comments followed a European Commission decision concerning mobile satellite communications.
EU Moves to Favor European Satellite Operators
The European Commission decided to allocate most of the valuable mobile satellite communications spectrum to European companies.
The decision would reduce the share available to American operators.
Brussels wants to strengthen European businesses and reduce its dependence on major foreign technology companies.
The policy forms part of the EU’s broader effort to increase its technological independence.
However, Washington views restrictions on American companies as a potential threat to fair market access.
Washington Warns of Economic Consequences
Puzder warned that European companies could face damaging US countermeasures if Brussels continues with its plans.
The warning signals a possible trade dispute between two major economic partners.
The disagreement also highlights competing priorities.
The EU wants to support its domestic technology sector. Meanwhile, the United States wants American companies to retain access to European markets.
The report did not specify which retaliatory measures Washington might introduce.
It also did not provide a timetable for possible US action.
