The United States and the European Union have agreed to address some important issues, including facilitating the necessary cooperation to strengthen semiconductor supply chains, curbing China’s non-market trading practices, and a more unified approach to regulating the market power of large technology companies.
Other issues that need to be addressed include cooperation in reviewing investments in export controls for sensitive dual-use technologies, and also the development of artificial intelligence.
The meetings, chaired by U.S. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai, EU trade chief Valdis Dombrovskis and European Commissioner for Competition Margrethe Vestager saw the establishment of a new US-EU Trade and Technology Council (TTC) to address the issues discussed.
When it comes to containing major technology powers, illegal and harmful content is often identified, which is amplified by algorithms.
Concerning semiconductor supply chains, the U.S. and EU governments called for an urgent focus on addressing short-term supply problems, after which the focus shifts to identifying and solving longer-term problems.
For more information, read the original story in Reuters.