EU's New Directive Threatens American Businesses and Trade
Submitted by MAGA
Posted 15 hours ago
New legislation from the European Union poses a serious threat to American businesses and paints a grim picture for free trade globally.
The recently adopted Corporate Sustainability Due Diligence Directive (CSDDD) will impose stringent Environmental, Social, and Governance (ESG) standards on all companies doing business in the EU, including American firms.
As companies retreat from the ESG framework in the United States, the EU doubles down, creating a regulatory nightmare that could cost U.S. corporations billions in fines.
Under the new directive, nearly every company with a global turnover exceeding $492 million will have to adhere to onerous ESG standards, even if they operate outside of Europe.
This includes American giants like Ford, Google, and McDonald’s, all of whom could see their operations impacted by directives rooted in European ideologies foreign to American principles of free enterprise.
The directive even allows for civil actions initiated by individual NGOs and concerned citizens against U.S. companies, further complicating the landscape for American businesses operating globally. If a harmful ruling is made against a company in the EU, the financial repercussions could be devastating, affecting not just the corporation but the entire supply chain—including American farmers and manufacturers.
Five percent of a company's global revenue could be assessed as fines for violations, resulting in potentially billions of dollars lost.
Jack McPherrin, a research fellow with the Heartland Institute, expressed deep concerns about the implications for American sovereignty and free market principles.
He argues that this law represents a direct affront to U.S. economic interests and a stark deviation from the pro-business stance that President Trump championed during his administration.
The Biden administration’s silence on this alarming development raises questions about its commitment to ensuring a level playing field for American businesses.
In a time when American competitiveness should be a primary focus, it is essential for U.S. trade officials to push back against this harmful directive and protect American innovation and prosperity.
Senator Roger Wicker has been vocal about the directive’s potential fallout, emphasizing the urgent need for a coordinated response from the U.S. government.
As American companies grapple with the implications of this directive, the battle for fair trade and economic sovereignty wages on, underscoring the importance of strong leadership in defending American interests abroad.
The stakes are high, and the time for action is now.
Sources:
justthenews.com
breitbart.com
justthenews.com
The recently adopted Corporate Sustainability Due Diligence Directive (CSDDD) will impose stringent Environmental, Social, and Governance (ESG) standards on all companies doing business in the EU, including American firms.
As companies retreat from the ESG framework in the United States, the EU doubles down, creating a regulatory nightmare that could cost U.S. corporations billions in fines.
Under the new directive, nearly every company with a global turnover exceeding $492 million will have to adhere to onerous ESG standards, even if they operate outside of Europe.
This includes American giants like Ford, Google, and McDonald’s, all of whom could see their operations impacted by directives rooted in European ideologies foreign to American principles of free enterprise.
The directive even allows for civil actions initiated by individual NGOs and concerned citizens against U.S. companies, further complicating the landscape for American businesses operating globally. If a harmful ruling is made against a company in the EU, the financial repercussions could be devastating, affecting not just the corporation but the entire supply chain—including American farmers and manufacturers.
Five percent of a company's global revenue could be assessed as fines for violations, resulting in potentially billions of dollars lost.
Jack McPherrin, a research fellow with the Heartland Institute, expressed deep concerns about the implications for American sovereignty and free market principles.
He argues that this law represents a direct affront to U.S. economic interests and a stark deviation from the pro-business stance that President Trump championed during his administration.
The Biden administration’s silence on this alarming development raises questions about its commitment to ensuring a level playing field for American businesses.
In a time when American competitiveness should be a primary focus, it is essential for U.S. trade officials to push back against this harmful directive and protect American innovation and prosperity.
Senator Roger Wicker has been vocal about the directive’s potential fallout, emphasizing the urgent need for a coordinated response from the U.S. government.
As American companies grapple with the implications of this directive, the battle for fair trade and economic sovereignty wages on, underscoring the importance of strong leadership in defending American interests abroad.
The stakes are high, and the time for action is now.
Sources:
justthenews.com
breitbart.com
justthenews.com
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