[Denver]

AMERICA has threatened a financial trade war with the EU over its plans to cripple Brexit Britain by forcing lucrative key City business to the continent.

In remarks that will delight No10, a lawmaker said moves by Brussels to insist euro clearing takes place within the bloc would “undoubtedly inform the evolution of US regulatory policy”.

America ha threatened a trade war over plans to bully post-Brexit Britain
The EU revealed earlier this month it was considering a location policy for the $1 trillion market in light of Britain’s departure in a move that could hit firms in London.

Christopher Giancarlo, acting chair of the US Commodity and Futures Trading Commission, said the EU should proceed with “care”.

And he said: “To date the US not deemed a body of water – even as large as the Atlantic Ocean – an impediment to effective clearing house supervision and examination.”

https://www.thesun.co.uk/news/353400...ess-to-europe/