A transatlantic effort to take on Big Tech

By Rana Foroohar, Financial Times

The European Commission wants to grab a “once-in-a-generation” opportunity to reset the transatlantic relationship now that US president Donald Trump is on his way out. President-elect Joe Biden’s administration will want a partnership with Europe to be at the heart of a reinvigorated alliance of liberal democracies that will present an economic and political alternative to China.

However, the 27-nation EU and the US continue to be at war with each other over technology regulation, trade and corporate taxation. Brussels is right that it is time for a reset. But getting there will require thinking about these issues all together, rather than in silos.

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