According to the Financial Times, the next president of the European Commission has prepared Europe for battles with Donald Trump over trade and tech regulation, handing more powers to the bloc’s top antitrust enforcer and urging Brussels to be robust in dealing with global rivals including China.
Ursula von der Leyen on Tuesday, September 10, promised to spearhead a “geopolitical” Commission in Brussels as she promoted Margrethe Vestager, the EU’s Danish competition chief, to be a powerful executive vice-president with an expanded role in charge of regulating US tech companies.
Ireland’s Phil Hogan, one of Brussels’ most vocal opponents of Brexit and a former Agriculture Commissioner, has been nominated as the EU’s new trade chief, a role that will put him in charge of negotiating any EU-UK trade deal and managing strained trade relations with the White House.
According to the FT, Ms Vestager and Mr Hogan, who will both be serving second terms as Commissioners, have been outspoken defenders of European interests against Washington’s trade protectionism and the market dominance of American digital giants.
“Mr Trump certainly has indicated his clear preference for trade wars rather than trade agreements. If he keeps up this particular dynamic of protectionism, I expect that the European Union will continue to forge deals around the world,” Mr Hogan told Irish national broadcaster RTE.
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Health Care Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
NY AG Joins Suit Challenging NCAA’s Restrictions on Student Athlete NIL Rights
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI