The US is harsh on Brussels' policy. The dispute over regulations for digital companies is growing
Jacob Helberg, US Deputy Secretary of State for Economic Affairs, pointed to the sanctions imposed by Brussels on American digital companies as the main source of problems in economic cooperation between both partners, reports Reuters.
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The official paid particular attention to the Digital Markets Act, which he believes harms the interests of U.S. companies.
During a meeting with journalists, Helberg presented the US administration's concerns about the possibility of introducing another wave of sanctions against overseas companies.
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He informed about conversations with representatives of the European Commission, during which the issue of the activities of European companies in global supply chains was raised.
EU regulations inhibit cooperation
“I think we would move much faster if we didn't have to deal with the sources of friction that directly result from DMA,” said Helberg, quoted by Reuters.
The Deputy Secretary of State clearly suggested that controversial regulations slow down the development of transatlantic economic cooperation.
The Digital Markets Act is a regulation intended to limit the abuse of dominant positions by the largest digital platforms. Both the regulation itself and the penalties imposed on American corporations are among the most important points of contention in trade negotiations between Brussels and Washington.
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US President Donald Trump has repeatedly argued that According to him, the European Union treats penalties for technology companies as an additional source of budget revenues.
