Battle for Digital Data between US and EU.
There is a battle going on over access to digital data between US and EU. US corporations are opposing further EU regulation over privacy and digital data access.
Times of India reports that as American tech giants extend their global reach, fears are growing on their side of the Atlantic over trade barriers some see as "digital protectionism." While China has long been a difficult market for US firms to navigate, tensions have been rising with the European Union on privacy, antitrust and other issues, impacting tech firms such as Google, Facebook and Uber.
In recent weeks, Europe's highest court struck down an agreement which allowed US firms to transfer personal data out of the region without running afoul of privacy rules. In parallel, Brussels is looking to create a new "digital single market" simplifying rules for operating across EU borders -- but which could also include new regulations for online "platforms." Some see this as a jab at US retailers like Amazon, "sharing economy" services like Airbnb or even news outfits.
Ed Black, president of the Computer and Communications Industry Association, said the platform proposal "has the potential to be troublesome." "Nobody has defined what a platform is," Black told AFP. "It feels like a proposal to solve a non-problem." After the European Court of Justice invalidated the so-called "Safe Harbor" data-sharing agreement this month, secretary of commerce Penny Pritzker said Washington was "deeply disappointed." For the past 15 years, the key transatlantic accord allowed tech firms like Facebook to operate on both sides of the ocean without running afoul of EU privacy laws. The ruling, Pritzker said, "creates significant uncertainty for both US and EU companies and consumers and puts at risk the thriving transatlantic digital economy."