US & EU To Discuss Chip Shortages, Tech Competition Issues At Tech Council Meeting

The US and the EU hope to discuss chip shortages, artificial intelligence and tech competition issues during the first Trade and Tech Council (TTC) meeting this week, senior US administration officials said on Monday, September 27.

On Thursday, Reuters was first to report the actions the US and the EU are planning to announce from the first TTC meeting such as taking a more unified approach to limit the growing market power of Big Tech.

Earlier this month, the White House announced that the council would meet for the first time on September 29 in Pittsburgh. US Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai, and EU trade chief Valdis Dombrovskis are scheduled to attend along with European Commissioner for Competition Margrethe Vestager.

On Sunday, the EU’s trade and digital chiefs said the council would give Europe more clout and set standards and rules for the 21st century.

“We as an administration believe in strong pro-competition regulation… We do think as a piece of that we have opportunities to work together with the European Union,” an administration official said.

The administration officials said the USs is discussing with their European counterparts issues and recommendations they have around the Digital Markets Act and the Digital Services Act – legislative proposals from the European Union that offer a framework for regulating the tech sector.

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