EU Pushes Back on U.S. Trade Deal Digital Rules

GuruFocus.com
08/19

The European Union is pushing back against U.S. efforts to wrap its digital regulations into a new trade deal, slowing progress on an agreement announced last month, the Financial Times reported.

EU officials told the paper that language on non-tariff barriers remains the sticking point. Washington views the bloc's digital laws as such barriers, but Brussels disagrees. That dispute has held up a joint statement that was supposed to follow quickly after July's accord between European Commission President Ursula von der Leyen and U.S. President Donald Trump.

  • Warning! GuruFocus has detected 7 Warning Signs with SHCO.

That deal had already eased tensions by cutting tariffs to 15% on most EU goods, half the rate the U.S. initially threatened, and calming fears of a deeper transatlantic rift. Together, the U.S. and EU account for nearly a third of global trade.

The U.S. side wants leeway to negotiate over the EU's Digital Services Act, which forces platforms to remove harmful or illegal content. American officials argue it's costly and limits free speech, while Brussels has drawn a red line against any weakening of the rules.The FT added that a Trump executive order cutting tariffs on EU car exports from 27.5% to 15% is now on hold until the joint communique is resolved.

This article first appeared on GuruFocus.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10