As the EU prepares to respond to Trump's tariffs on aluminium and steel, a Goldman Sachs paper suggests leveraging investigations into US tech firms as negotiation tools. Under the Digital Markets Act, the EU is scrutinizing these companies while aiming to bolster its own tech capabilities. Former Google CEO Eric Schmidt emphasized the need for oversight in AI development, warning that excessive regulation might hinder progress. Amidst fears of a trade war escalated by the US, strategists believe Europe should strengthen its domestic economy to mitigate risks from external pressures.
Under the Digital Markets Act, the EU Competitions Authority has numerous ongoing investigations related to US big tech, which some experts believe could be deployed as levers to negotiate a more favourable trade agreement with the US.
Former Google CEO Eric Schmidt warned that over-regulation of AI technologies could stifle innovation, while advocating for government oversight of these advancing technologies.
Collection
[
|
...
]