Trade Policy Developments President Trump has obliquely renewed his threat to initiate a trade war against Europe if the two sides do not arrive at a satisfactory new trade agreement. His budget increased funding for USTR by 11.1 percent to better enable the agency’s war fighting capability. However, one area of possible transatlantic agreement is special and differential treatment. The Trump Administration has revised the thresholds for subsidy calculations in countervailing duty cases so that countries self-declared as poor and developing but deemed by the U.S. to be rich and developed will be judged on the higher standard. Frustrated by the inability to reach international agreement on fisheries subsidies, the EU now says that cou...