US and EU forge alliance on technology amid growing wariness of China | DW News

00:00 US-EU trade meeting comes at sensitive moment
02:02 Trade meeting could be win-win or lose-lose

With Beijing on the rise as a tech superpower, Brussels and Washington want to close ranks. But divisions loom over the new "Trade and Technology Council" alliance — and previous efforts have a mixed track record.

The chip crisis was an eye-opening moment for policymakers on both sides of the Atlantic, illustrating how important access to technology has become for maintaining geopolitical dominance, according to conversations with US and EU officials involved in preparing the TTC meeting, who spoke on the condition of anonymity because the talks are confidential.

But finding common ground during the two-day meeting will not be easy.

Not only was the event overshadowed by news that the US had quietly negotiated a security agreement with Australia and the UK, wrecking a multi-billion-euro French submarine deal.

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[jagsingh]

All these hi-tech were largely available in West but never shared openly with developing countries and people-in-need. Now with China in the lead, such technologies and collaborations help world towards a shared and prosperous future.

[drtaiping]

"US need to work with Europe to slow china innovation rate" By Commerce Secretary Gina Raimondo, Guys, how shameless is this one?

[LesliePeter]

US government could run out of money by October 18. - The US Treasury Secretary

What country has spent 40% of the combined military budgets of the world,
but their Pentagon still indicate to Congress
they need to increase the military budget by $7 billion
and send their troops to the Pacific to 'encircle' China.

Isn't “Cold War and zero-sum mentality”
that leads to obsessive military superiority?

[qdelevation]

There are so many great EU companies like VW, BWM, NESTLÉ, BP and Philips when talking about traditional industries.
But Can you find any big EU company in high-tech industry?
Almost all the high-tech companies come from the US, like Amazon, Google, MS, Apple, Intel...
The high-tech industry is the future, and the US has dominated the high-tech industry, dominated the future.
Gradually, the EU will lose its competitiveness. All the things will be controlled by the US.

[humansarecrazybeing]

White majority countries ganging up on other non white majority countries just like in colonial period, seems like some old habits don't die easily 😂😂

[Cryptospirosis]

It's a bit hard to swallow, but I think China will be the champion in Tech innovations this decade. US and EU is perhaps leading in hi tech weapons, but I witnessed how crazy Chinese technology in overall daily application. It's just unstoppable at this rate.

[Moribus_Artibus]

Finally! We need more strength in the western alliance! 🌄

[ashishchhetri]

Literally u.s always dominant EU...why always eu need permission from us to do everthing

[口fds蛋トマgs]

Basically, it is about "WYTE POWER"

[TheKkpop]

Expecting a robber to help EU micro chips industry???

[GoGoPooerRangers]

The french need to move tf on they're holding the EU back! They got their Greece deal ffs. Ironically they did the same thing to Japan.

[NamTran-yxem]

the video image is too poor, you need to fix it more

[maddoo]

So, no free market then in US and EU? After the charade of democracy, the charade of free market ends..

[Asdfgghhhjj]

Why do people in the comment session like China so much, and hate the US and EU when Youtube is only available outside China.

[ivosilva]

The EU will need an army. And that will probably avoid future wars.

[dibaygautam]

Obama was right uk is back in the queue! Liar Boris came back empty handed !

[miltononyango]

Its all about national security and economic growth

[shamanbhattacharyya]

The EU just ignored France. Wait till Frexit occurs

[TOSStarTrek]

A deal was made under the table for the subs from the US. Had to be a really good deal for Australia.

[amberyao]

interesting, but why EU doesn't have wariness of US who is breeding next world financial crisis?