US and EU forge alliance on technology amid growing wariness of China | DW News

00:00 US-EU trade meeting comes at sensitive moment
02:02 Trade meeting could be win-win or lose-lose

With Beijing on the rise as a tech superpower, Brussels and Washington want to close ranks. But divisions loom over the new "Trade and Technology Council" alliance — and previous efforts have a mixed track record.

The chip crisis was an eye-opening moment for policymakers on both sides of the Atlantic, illustrating how important access to technology has become for maintaining geopolitical dominance, according to conversations with US and EU officials involved in preparing the TTC meeting, who spoke on the condition of anonymity because the talks are confidential.

But finding common ground during the two-day meeting will not be easy.

Not only was the event overshadowed by news that the US had quietly negotiated a security agreement with Australia and the UK, wrecking a multi-billion-euro French submarine deal.

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch

#TTC #EuropeanUnion #UnitedStates