Google urges U.S. to work with the EU on trade as enforcers abroad pursue regulations

CNBC2021-04-09

KEY POINTS Google urged the Biden administration to join a technology and trade council with the European Union as enforcers abroad pursue more robust regulation of the industry. Karan Bhatia, Google...

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Comments

justinC
2021-04-12
justinC
Apple?
开开心心好心情的兄弟
2021-04-12
开开心心好心情的兄弟
Regulation is good
AALPHA
2021-04-11
AALPHA
Good or Bad ?
- AALPHA:
  ?
- AALPHA:
  ?
- Kikiooi:
  Good
YWC
2021-04-11
YWC
Good..
- Kencana:
  Good
EstherPang
2021-04-10
EstherPang
Good
TerenceWon
2021-04-10
TerenceWon
Well.....

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The company faces antitrust lawsuits from several states and the Department of Justice, which began under the previous administration.\nStill, Google’s appeal to the Biden administration may indicate that it sees it as a potential ally for fending off the most impactful legislation from the EU and preventing a splintered version of the internet across continents. The European Commission has shown a greater willingness over the past several years to crack down on the U.S.-based tech companies, waging several competition penalties against Google before the U.S. ever brought an antitrust case against it. Still, the U.S. has recently ramped up enforcement and Biden’s recent appointments indicate a continuation of that policy.\nIn the blog post, Bhatia urged the Biden administration to join an EU-U.S. Trade and Technology Council proposed by the European Commission and to expand it. In order to be most effective, both countries should consult with one another before taking significant actions that could impact the way the other engages in tech trade negotiations, he said. Bhatia added that this would mean the EU should consult the council about whether regulations like its sweeping Digital Markets Act would “reflect the EU-U.S. values-based alliance.”\nThat legislation would authorize major penalties for companies including Google for failing to comply with certain standards to prevent self-preferencing of their own products and services in their markets. Violations could be punished with hefty fines or even divestment of parts of the business.\nThe blog was published ahead of Bhatia’s appearance at an event hosted by the Center for Strategic and International Studieson 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