Lurea, Sweden: Senior U.S. and European Union officials will meet in Sweden on Tuesday to discuss how best to deal with China, how to work together on artificial intelligence and other future technologies, and how the Trump era will continue. Consider EU complaints against tariffs and US green subsidies.
US Secretary of State Anthony Blinken and European Commission Vice-President Margrethe Vestager attend the 4th Ministerial Meeting of the Trade and Technology Council (TTC) for two days in Luleå, just below the Arctic Circle.
US Commerce Secretary Gina Raimond, Trade Representative Catherine Thailand and European Commission Vice-President and Trade Officer Bardis Dombrowskis will also participate.
The wide-ranging agenda, outlined in a 24-page draft joint statement, includes cooperation on setting minimum standards for generative AI algorithms such as ChatGPT, as well as export controls and investment oversight, which have traditionally been Russia-centric. be
China will be the main focus of the conference, even if the word “China” appears only twice in the draft joint statement: non-market practices and disinformation.
Diplomats say Washington has asked for language that reflects some of the concerns expressed at the G7 summit a week ago in what China’s Global Times called an “anti-China workshop.”
The rally in northern Sweden comes just as the European Commission unveils an “economic security strategy” expected to include measures to prevent rivals such as China from gaining access to the country’s most sensitive technology. It was conducted.
Brussels wants cooperation to promote green trade, including mutual recognition of products, even though the US and EU have not signed a free trade agreement and are not planning to do so.
This has left EU producers out of some of the benefits of the $369 billion worth of green subsidies planned by the US under the Inflation Control Act.
The EU is seeking progress with the US towards an agreement on critical minerals used in electric vehicles.
Also, a “green steel” deal to address overcapacity, mandated by the end of October to avoid the reinstatement of steel and aluminum tariffs imposed by former U.S. President Donald Trump and suspended in 2021 after he leaves office. We also seek progress towards
