EU tech rules are costing them big time, US commerce secretary says

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Synopsis

US Commerce Secretary Howard Lutnick said on Wednesday the European Union’s rules for technology companies are hurting the economic bloc.

Image for EU tech rules are costing them big time, US commerce secretary says
US Commerce Secretary Howard Lutnick said on Wednesday the European Union’s rules for technology companies are hurting the economic bloc.

“I think their technology rules are costing them big time,” Lutnick said in an interview with CNBC. Lutnick said last week the European Union should make its regulation of the tech sector more “balanced” in exchange for a reduction of US tariffs on steel and aluminium…



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EU tech rules are costing them big time, US commerce secretary says


Synopsis

US Commerce Secretary Howard Lutnick said on Wednesday the European Union’s rules for technology companies are hurting the economic bloc.

Image for EU tech rules are costing them big time, US commerce secretary says
US Commerce Secretary Howard Lutnick said on Wednesday the European Union’s rules for technology companies are hurting the economic bloc.

“I think their technology rules are costing them big time,” Lutnick said in an interview with CNBC. Lutnick said last week the European Union should make its regulation of the tech sector more “balanced” in exchange for a reduction of US tariffs on steel and aluminium…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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