Deal or no deal? US divided on EU insurance agreement
Benefits of mutual recognition may encourage the Trump administration to keep Obama’s last act
On the face of it, the insurance covered agreement announced on January 13 should be everything Donald Trump detests. Signed in the final days of Barack Obama’s administration, when Trump had already been elected, the deal is between the US and the European Union – an institution the new president has repeatedly disparaged. It will pre-empt the authority of individual US state legislators and require them to defer to EU regulation of European insurers in US markets. On top of that, the agreement
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