EU Unveils Plan to Revitalize World’s Second-Biggest Market

The European Union is seeking to strengthen its common market in the face of rising geopolitical tensions and a growing trade conflict with the US, which is threatening to hit the bloc with wide-ranging tariffs.

To ensure the region’s €18 trillion ($20.4 trillion) economy remains competitive, the European Commission will boost efforts to improve conditions for cutting-edge companies in sectors such as pharmaceuticals, autos, steel and aluminum, said EU industry commissioner Stéphane Séjourné. The aim is to keep the industry growing at home, defying efforts by President Donald Trump to lure the bloc’s businesses to America.