Ambassador Greer said the Commission’s approach is “increasingly aggressive” and targets US technology firms. He said the Digital Markets Act actions “pose serious risks for the privacy and security of users, represent a de facto forced technology transfer and intellectual property theft, and impose unreasonable financial penalties.”
Ambassador Greer said European Commission actions against Google and a state-backed Airbus loan are creating uncertainty in the Turnberry Agreement.
He said the moves risk stability and predictability in transatlantic trade and create uncertainty for US exports of goods and services to Europe.
The statement is a policy signal for exporters and importers, tracking US-Europe flows.
He said the EU’s various fines on Google alone add up to over 2 per cent of the EU’s budget, and described them as a larger “contribution” to the budget than many EU member states.
Ambassador Greer said, “The EU often claims that it is looking for stability and predictability in our trading relationship, but these actions are driving massive uncertainty for US exports of goods and services to Europe. We are trying to resolve our concerns with the EU’s Digital Markets Act and other actions through responsible, constructive dialogue. But a real dialogue can only take place during a ceasefire. The EU’s recent actions undermine these efforts and pose a real risk to the continuation of transatlantic stability with respect to trade.”
Fibre2Fashion News Desk
