US EditionUS Presses Europe on Rules for Big Tech Companies
US links EU tech regulations to steel and aluminium tariff cuts, seeking regulatory concessions to prevent a trade war and boost investment, officials said.
- US Commerce Secretary Howard Lutnick told EU officials in Brussels to reconsider tech regulation in exchange for duty cuts on steel and aluminium during talks with the EU's 27 trade ministers.
- Washington pressed because it views certain EU rules as harmful to US firms, demanding Brussels roll back green and digital rules while the US still applies 50% duties despite a 15% tariff agreement.
- American negotiators raised digital taxes and rules as bargaining chips, urging the EU to reconsider these regulations while discussing Chinese steel overcapacity, steel import quotas, and access to rare earths and chips.
- European officials pushed back, saying the rules are not discriminatory and the EU defended its sovereign right to legislate, as both sides seek to avoid an all-out trade war and cited the 15% tariff framework.
- Looking at sector impacts, Europe's steel sector employs around 300,000 people and has lost nearly 100,000 jobs amid China’s dominant share of global steel output last year.
13 Articles
13 Articles
Lower tariffs on steel for relaxed EU digital rules? U.S. Trade Minister Lutnick suggests a willingness to deal. EU Trade Commissioner Sefcovic becomes clear: the sovereign EU legislation would not be negotiable.
A representative of the United States wants to use rules applied to North American technologies as exchange currency to reduce rates of 50% applied to steel and aluminium.
US to EU: Rethink your tech rules and we can discuss lower steel tariffs
The United States on Monday urged the European Union to rethink its approach to digital regulation if it wants a deal to lower painful US tariffs on the bloc's steel exports.US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer met the EU's 27 trade ministers for the first high-level talks in Brussels since the...
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