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The U.S. State Department states that EU fines on American companies are the main cause of economic friction.
Investing.com – A U.S. State Department official said Wednesday that the fines the European Union imposes on U.S. companies are the biggest source of friction in U.S.-EU economic relations.
Deputy Secretary of State for Economic Growth Jacob Helberg said in remarks to reporters during a visit to Europe. The visit is intended to deepen economic ties, advance partnership in emerging technology fields, and promote what Washington calls a fair regulatory environment.
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