EU-US Trade Statement Held Up Over Digital Laws, FT Says
The US and EU agreed to a deal in July that sees the bloc face 15% tariffs on most of its exports.
Photographer: Michael Nagle/BloombergThe EU’s efforts to safeguard its digital regulations are holding up a joint statement on trade, following an agreement struck last month in Scotland, the Financial Times reported.
The two sides are at odds over wording around the rules that target the behavior of Big Tech as the US wants to keep open the possibility of concessions on the bloc’s landmark Digital Services Act, the newspaper reported. The European Commission has previously said that this would be unacceptable.