Trump warned EU due diligence laws threaten US competitiveness

Some US Senate and House of Representative members are concerned about the impact of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) on US competitiveness.

The members include Senate Banking Committee chairman Tim Scott and his counterparts across several financial committees.

In a correspondence addressed to Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett, the legislators outlined the substantial challenges they believe the CSDDD could present to US businesses.

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