Trade between the United States and the EU is one of the central arteries of the global economy, contributing to economic growth and prosperity on both sides of the Atlantic. [...] The United States accounted for 32 percent (2.5 billion EUR) of the total FDI stocks held by the rest of the world The European Union was the most important trad- in the EU.12 The changes in FDI inward stock from ing partner for the United States in 2023, both re- the United States is shown in Figure 8. [...] 38 ital policy, proposing and negotiating 23 legislative files, including the EU AI Act, the NIS-2 Directive, Both, the harmonization the Cyber Resilience Act, the Digital Markets Act (DMA), and the Digital Services Act (DSA), and mutual recognition of among others.32 The DMA and DSA create a set of rules for digital service providers and platforms in existing standards and the EU, while protectin. [...] 1 I October 2024 dorsed the Declaration of the Future of the Internet Overall, the balance sheet for what is left is much at the second meeting of the TTC in 2022, underlin- shorter than on other key issues the TTC addressed. [...] Mutual Recognition Agreements (MRA) between the United States and the EU have One of the success stories of the TTC (apart from been in place since the early 2000s to “facilitate the ones mentioned in the previous chapter) con- trade in marine equipment and to promote coopera- cerns electric vehicle charging systems.
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Table of Contents
- Key Takeaways 3
- Introduction 6
- Strong Trade and Investment Flows 8
- Re-Set The TTC in a Changing Geopolitical Environment 12
- 292021 13
- 162022 13
- 052022 13
- 312023 13
- 302024 13
- 052024 13
- Small Garden High Fence Leveraging Economic Tools for National Security 14
- Digitalization 16
- Regulatory Convergence and Technical Standard-setting 19
- Trade and Sustainability 21
- Areas of Unresolved Conflicts 23
- Looking Ahead The U.S. Presidential Candidates 27
- The Opportunity Economy Kamala Harris Economic Policy Agenda 27
- A Second Trump Term 37
- What to Do The Way Ahead 44