Is tech the main battleground as EU and US drift apart? One Chinese prediction says so
Clashes between the United States and European Union are becoming the “new normal” with competition over tech regulations at the “core”, according to an analysis published by a leading Chinese think tank. Guo Mingxu, head of the European Economy Programme at the China Institutes of Contemporary International Relations, cited a recent row about hefty fines imposed on US tech giants for breaching…
The relationship between the United States and European Union is increasingly becoming a battleground over tech regulations, according to a leading Chinese think tank. Guo Mingxu, head of the European Economy Programme at the China Institutes of Contemporary International Relations, argues that the transatlantic alliance, once rooted in shared values, is shifting towards a more transactional exchange driven by interests.
Recent clashes, such as the €890 million fine imposed on Google by Brussels for breaching the Digital Markets Act, highlight the growing friction. Guo predicts that as disputes move from verbal sparring to concrete confrontation, a profound shift in the underlying logic of the transatlantic alliance will occur, with the US seeking to maintain its dominance in the tech sector and Europe demanding a fair share of the gains.
Brief written by urgent.news from Reuters Business via SCMP's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
