US Warns EU of 'Devastating' Retaliation over Satellite Spectrum Plan

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Washington warned the European side of possible tough measures in response due to restrictions on US companies' access to the market.

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The US Ambassador to the EU, Andrew Puzder, has said that European companies could face "devastating" reprisals from Washington. That would be the case if Brussels proceeds with plans to restrict American companies' access to parts of the European market. Puzder said this to the British business newspaper Financial Times.

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European companies will face "devastating" countermeasures if Brussels pushes through plans to restrict access to the European market for, for example, Elon Musk's American tech company SpaceX. This is according to US Ambassador to the European Union Andrew Puzder, speaking to the British newspaper Financial Times. He did not say what those countermeasures would entail. Last summer, the European Commission submitted a proposal to reserve a port…