US, EU to launch consultations on tech regulations, trade, China

On Thursday, Reuters was first to report the actions the United States and the European Union are planning to announce from the first TTC meeting, such as taking a more unified approach to limit the growing market power of Big Tech.

With the US and Europe trying to restrain the growing power of American tech giants such as Alphabet's Google, Facebook, Apple and Amazon.com Inc, such cooperation has become critically important for regulators on both sides of the Atlantic. It also would make it harder for the US tech industry to fight new rules.

The council has 10 working groups and will discuss areas such as chip shortages, artificial intelligence (AI) and tech competition issues.

Several tech trade groups in Washington said the industry does not want the European approach to digital regulation to be adopted in the United States.

"It is critical for US negotiators to vigorously defend US economic interests in the TTC," the Information Technology & Innovation Foundation said in a statement. "They should not gloss over real differences in privacy rules, AI regulation, antitrust regulation, digital taxation, content moderation, and others."

Dombrovskis, speaking to reporters on Tuesday, said the US and EU share many goals for AI, such as curbing its use for surveillance and repression, but the TTC will help where the two sides differ.

"It provides us with a forum to discuss those issues, to see where we have common ground, where we have differences and how to address those differences," he said.

But senior US officials said the consultations are not expected to focus specifically on resolving a long-running dispute over US steel and aluminium tariffs, which US officials said are proceeding on a separate track from the TTC.

Dombrovskis said the EU was ready to look at similar arrangements agreed by Canada and Mexico that lifted US tariffs on their steel and aluminium exports to the United States in 2019, but added that a deal needed to be agreed by early November.

Raimondo, whose agency implemented the US metals tariffs, has said a key focus for the meeting was discussing with European allies ways to restrain China's non-market behaviour, including the dumping of underpriced steel into US and European markets.