Washington warns of retaliation if EU curbs access for US firms, FT reports

US ​Ambassador to ​the ‌EU Andrew ​Puzder told the Financial Times that European ‌companies could face "devastating" retaliation from Washington if Brussels moves ahead ‌with plans to limit US ‌firms' access to parts of the European market, the newspaper reported ⁠on ​Sunday.

Puzder's ⁠warning comes after the European ⁠Commission decided to allocate the bulk ​of valuable mobile satellite spectrum ⁠to European companies while reducing the ⁠share ​US operators can acquire, as part of a ⁠push to reduce reliance on ⁠Big ⁠Tech and promote domestic businesses.