Overshadowed by concerns over “Buy American” subsidies and new US export controls for advanced technologies, fissures are also emerging when it comes to the core issues of transatlantic trade and technology cooperation.
The next meeting of the EU-US Trade and Technology Council (TTC) that begins on December 5 in Washington, DC, may well turn out to be the most consequential in the TTC’s short history. Since its establishment in the early months of the Biden administration, the TTC process has been hailed as a productive effort in transatlantic trust-building. Yet pressures are mounting, and the Washington meeting will be a significant test of the TTC’s capacity to steer through growing tensions over subsidies, trade issues, and distinct geopolitical postures on China.
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This article was published as part of the DFG project “Pathways from Rule-Taking to Rule-Making: A Comparison of China and Korea’s Internationalization Strategies for Digital Standards” (Project number: 515038358). See also here.