Advancing U.S. Goals in the U.S.-EU Trade and Technology Council

September 13, 2021

KEY TAKEAWAYS

  • The EU’s precautionary approach to digital technologies is antithetical to U.S. economic and national security interests because it limits innovation and growth, which the United States urgently needs.
  • It is critical for U.S. negotiators to vigorously defend U.S. economic interests in the TTC. They should not gloss over real differences in privacy rules, AI regulation, antitrust regulation, digital taxation, content moderation, and others.
  • It would not be in the U.S. interest to harmonize regulations with the EU, nor is it necessary. There is no reason why there should not be different U.S. and EU regimes for most digital issues, as long as they are broadly aligned.
  • When it comes to areas of regulation that affect cross-border trade, the United States and EU should work together more closely to ensure their respective approaches are interoperable.
  • It would be ideal if the EU were to unequivocally join the United States to limit Chinese innovation mercantilism and digital authoritarianism, but if the EU takes even limited measures toward that goal, it would be a success.
  • Both sides need to commit to a successful relationship. But U.S. negotiators should not define success as emulating the EU or increasing cooperation for its own sake; they should increase cooperation while advancing key U.S. national interests.