EU-US trade statement stalled over wording on tech rules

The US and EU agreed to a deal in July that sees the bloc face 15% tariffs on most of its exports, though the US is still yet to lower the levies on cars to 15%

US president Donald Trump is not planning to sign an executive order lowering tariffs on EU car imports until the joint statement is finalised, the 'Financial Times' said, citing an unnamed US official. File Picture: Jacquelyn Martin/PA

The EU’s efforts to safeguard its regulations on digital and Big Tech companies are reportedly holding up a joint statement on trade, following an agreement struck last month in Scotland.

The two sides are at odds over wording around the rules that target the behaviour of multinational tech companies as the US wants to keep open the possibility of concessions on the bloc’s landmark Digital Services Act, the Financial Times has reported.