On February 12th, Howard Lutnik, the Commerce Secretary nominated by US President Donald Trump, stated that the United States may use “trade tools” to retaliate against European environmental, social, and governance (ESG) regulations that affect American companies. Lutnik refers to the Corporate Sustainability Due Diligence Directive (CSDDD). He told Republican senators last month that he was concerned about the extent to which the ESG regulations set by Brussels would affect American businesses.
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