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EU lays out WTO reform ideas to rein in U.S., China

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission published its ideas on Tuesday for reforming the World Trade Organization to counter market distortions, such as in China, and to discourage the United States from pulling out of the body. A day after U.S. President Donald Trump escalated his trade war with China by imposing 10 percent tariffs on $200 billion of Chinese imports, the European Union unveiled how it believes…