UK insists US tech deal not dead as Trump threatens penalties against European firms
AI Summary
Downing Street maintains that the $40 billion Tech Prosperity Deal between the UK and US, which is currently on hold, is not permanently stalled, despite US concerns over trade barriers like digital services taxes and food safety regulations. The UK government states it remains in active discussions with the US and hopes to resume work on the partnership soon. This development occurs as the US is also threatening economic penalties against European tech firms, accusing the EU of discriminatory actions against US services. The US Trade Representative's office singled out companies like Accenture, DHL, Spotify, and Siemens, warning of potential fees and restrictions if the EU doesn't roll back its policies. The European Commission responded by stating that its rules apply equally to all companies operating in the region.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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