U.S., EU agree to work on chip supplies, tech rules, China trade

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By David Lawder and Nandita Bose PITTSBURGH/WASHINGTON (Reuters) – The United States and European Union agreed on Wednesday to deepen transatlantic cooperation to strengthen semiconductor supply chains, curb China’s non-market trade practices and take a more unified approach to regulating big, global technology firms. Launching a new forum, the U.S.-EU Trade and Technology Council, senior cabinet officials from both continents also pledged to cooperate on the screening of investments on export controls for sensitive dual-use technologies and on the development of artificial intelligence (AI). …

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