Donald Trump: German industry is worried about US President for data security

An agreement protects data from EU citizens from US intelligence services. However, President Trump could cancel the agreement between Washington and Brussels. Companies are sounding the alarm.

Lelu MoDem Philippe Latomb attacks the European Commission's "Data Privacy Framework", which facilitates the cross-Atlantic transmission of personal information from Europeans, for example hosted by X, Microsoft or Google.

Trump threatens the best economic model in the world. Europe is 22% of global GDP, we are an economic powerhouse, while the United States is 25% - so we are equal! If Trump focuses on European goods, we should focus more on American services. Digital giants pay little for our digital infrastructures. This was stated by EPP leader Manfred Weber in the Eurochamber Chamber. And quoting Viktor Orban and Alice Weidel, leader of the AfD, Weber attacke…

The Trump administration has recently put in jeopardy a crucial agreement on data transfer between the European Union and the United States. This agreement, known as the "Privacy Shield", allows US companies to receive personal data from Europe while guaranteeing an adequate level of protection. However, recent judicial decisions have called into question the validity of this agreement, raising concerns within the economic sector.

Data traffic between the US and the EU is still protected by an executive order. However, this could soon change, as experts fear. Namely, when US President Trump overturns the regulation. What impact this would have on European companies. read more on t3n.de

A data agreement between the US and the EU is on the move. Trump is starting to take first steps. The dependence of European companies on the US could have "devastationous" consequences.