• bitcoinBitcoin(BTC)$80,811.000.86%
  • Midas Fasanara Global EuroMidas Fasanara Global Euro(MGLOEURO)$111,813.00-0.36%
  • ethereumEthereum(ETH)$2,351.261.22%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$744.630.11%
  • rippleXRP(XRP)$1.332.16%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$101.480.83%
  • tronTRON(TRX)$0.3310940.53%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.59%
  • zcashZcash(ZEC)$1,308.086.05%
  • HyperliquidHyperliquid(HYPE)$81.884.29%
  • dogecoinDogecoin(DOGE)$0.0791261.65%
  • moneroMonero(XMR)$599.03-1.66%
  • USDSUSDS(USDS)$1.000.00%
  • whitebitWhiteBIT Coin(WBT)$77.590.84%
  • chainlinkChainlink(LINK)$11.612.31%
  • leo-tokenLEO Token(LEO)$9.050.14%
  • cardanoCardano(ADA)$0.2063430.31%
  • nearNEAR Protocol(NEAR)$4.684.24%
  • stellarStellar(XLM)$0.1715171.29%
  • bitcoin-cashBitcoin Cash(BCH)$295.234.41%
  • RainRain(RAIN)$0.007189-0.12%
  • Ethena USDeEthena USDe(USDE)$1.000.03%
  • daiDai(DAI)$1.000.00%
  • litecoinLitecoin(LTC)$57.261.10%
  • uniswapUniswap(UNI)$7.08-0.98%
  • avalanche-2Avalanche(AVAX)$9.001.08%
  • CantonCanton(CC)$0.0995570.57%
  • USD1USD1(USD1)$1.000.01%
  • suiSui(SUI)$0.931.93%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.232.22%
  • hedera-hashgraphHedera(HBAR)$0.076244-1.23%
  • tether-goldTether Gold(XAUT)$4,045.980.83%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • paypal-usdPayPal USD(PYUSD)$1.000.01%
  • BittensorBittensor(TAO)$256.972.77%
  • shiba-inuShiba Inu(SHIB)$0.0000051.00%
  • quant-networkQuant(QNT)$198.21-2.12%
  • EthenaEthena(ENA)$0.2094450.47%
  • crypto-com-chainCronos(CRO)$0.0539751.44%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • BitwayBitway(BTW)$1.7347.90%
  • MemeCoreMemeCore(M)$1.0713.69%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.09%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • okbOKB(OKB)$109.750.50%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • aaveAave(AAVE)$134.41-0.50%
  • OndoOndo(ONDO)$0.4217662.60%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

GOP lawmakers urge EU to scrap environmental rules that could cost US companies billions

June 25, 2026
in Business
Reading Time: 3 mins read
A A
GOP lawmakers urge EU to scrap environmental rules that could cost US companies billions
ShareShareShareShareShare

Key Republicans in Congress are urging the European Union to reverse strict new environmental and human rights requirements that could cost US businesses billions of dollars more annually, The Post has learned.

YOU MAY ALSO LIKE

New York Knicks, Rangers officially split into separate publicly traded companies

Ex-JPMorgan banker in ‘sex slave’ suit accused of getting sister to lie about kissing, racial remark: filing

In a letter sent Thursday to the EU’s US ambassador, Energy and Commerce Chair Brett Guthrie of Kentucky, Financial Services Chair French Hill of Arkansas and Judiciary Chair Jim Jordan of Ohio took aim at the EU’s new Corporate Sustainability Due Diligence Directive, or CSDDD.

“The compliance requirements are onerous and extraterritorial and appear to be designed to deliberately harm American companies,” a copy of the letter obtained by The Post stated, ripping the new rules’ “invasive checks on a company’s supply chains.”

Rep. Brett Guthrie (R-Ky.) signed the letter as the chair of the Energy and Commerce Committee. ZUMAPRESS.com

The letter cited a recent study from the Hudson Institute, a conservative think tank based in Washington, DC, that found the CSDDD would lead to “measurable initial compliance costs of between $637 billion and $1.093 trillion.”

The study noted that these costs are comparable to what US firms currently pay in environmental and financial regulations combined.

Annual recurring costs for US businesses would “range from $57 million to $8 billion,” which balloons to “recurring annual costs [that] range from $6 billion to $43 billion” if implicit costs are included, according to the same study.

Rep. French Hill (R-Ark.) signed the letter as the chair of the Financial Services Committee. ZUMAPRESS.com

“The EU’s CSDDD is yet another example in a concerning pattern of anti-competitive and anti-American business regulations,” Guthrie said in a statement. 

“The Western world benefits from a strong Europe, but unfortunately, rather than pursuing freer markets and innovation, EU regulators continue to prefer heavy-handed government intervention,” Guthrie added. 

“This course has hindered the European economy for the past two decades, and now the EU seeks to apply that same model outside of its borders.”

Glass pieces travel down a conveyor line under an American flag in Corning’s iPhone factory in Kentucky. AP

The House members are asking the EU to remove the CSDDD regulations for all non-EU businesses – saying they are currently considering legislative action to provide relief to US companies harmed by the harsh requirements.

“The costs and burdens associated with CSDDD compliance could lead to American companies drastically limiting or even divesting their European business.”

In an October 2025 letter to senior Trump admin officials, several advocacy groups – including the National Association of Manufacturers and the US Chamber of Commerce – warned of the potential ripple effects from the more stringent environmental regulations.

“American businesses could be forced to respond to protect their interests. They would face difficult decisions about their EU investments and their exposure to the law’s mandated penalties for perceived lack of compliance,” the advocacy groups wrote.

“Economic growth would slow, supply chains would suffer, and transatlantic commerce and relations would only worsen. Neither the EU nor US would benefit from that scenario,” they said, adding that it would harm small and large businesses alike, along with local suppliers.

Credit: Source link

ShareTweetSendSharePin

Related Posts

New York Knicks, Rangers officially split into separate publicly traded companies
Business

New York Knicks, Rangers officially split into separate publicly traded companies

October 27, 2026
Ex-JPMorgan banker in ‘sex slave’ suit accused of getting sister to lie about kissing, racial remark: filing
Business

Ex-JPMorgan banker in ‘sex slave’ suit accused of getting sister to lie about kissing, racial remark: filing

October 27, 2026
Crooks have pulled off 0M in AI data center equipment heists since June: report
Business

Crooks have pulled off $100M in AI data center equipment heists since June: report

October 27, 2026
Walmart is using a sneaky trick to skimp on shrimp: lawsuit
Business

Walmart is using a sneaky trick to skimp on shrimp: lawsuit

October 27, 2026
Next Post
Inside Premium: Tips & Tools For Your Quant-Backed Portfolio

Inside Premium: Tips & Tools For Your Quant-Backed Portfolio

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Netflix’s Apocalypse Fears Overly Done – Cash Cow With Renewal Prospects (NASDAQ:NFLX)

Netflix’s Apocalypse Fears Overly Done – Cash Cow With Renewal Prospects (NASDAQ:NFLX)

October 24, 2026
How does hypnotherapy actually work, and what can it treat?

How does hypnotherapy actually work, and what can it treat?

October 22, 2026
What to know about Pope Leo’s surgery to remove a lung nodule

What to know about Pope Leo’s surgery to remove a lung nodule

October 27, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!