TechWonk Blog Subsection
TechWonk Blog
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Digital technology drives global commerce. It ensures payments happen on time and in the right amount. It keeps farms yielding abundantly, factories working efficiently, and trucks running smoothly. It allows stores to track and manage inventory seamlessly. But to grow and thrive in the modern economy, businesses need trade rules that protect their operations and address today鈥檚 digital reality. The [...]
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The chairman of President Trump鈥檚 Council of Economic Advisers, Kevin Hassett, recently proclaimed that 鈥渢here are a heck of a lot of U.S. companies鈥� that will suffer and watch 鈥渢heir earnings being downgraded,鈥� as the U.S.-China trade dispute slogs on. He鈥檚 right. Tariffs are a direct threat to American families, workers and companies, hindering economic growth and slowing hiring. But the administration鈥檚 [...]
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There鈥檚 no question that the North American Free Trade Agreement has significantly reshaped the U.S. economy and the way companies do business in North America. Since the agreement entered into force in 1994, trade with Canada and Mexico 鈥� the United States鈥� two largest export markets 鈥� has increased 350 percent, supporting the creation of 5 million new jobs across all 50 states. But much has changed [...]
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This week, many of the most dynamic companies around the globe will descend on northern Germany for Hannover Messe, the world鈥檚 largest industrial trade fair. These firms will showcase the cutting-edge technologies behind a new generation of digital factories, smart grids, industrial robots, and advanced materials manufacturing. Yet Hannover Messe is not only about exhibiting products and doing business [...]
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The European Union (EU) and United States have the deepest and most integrated economic relationship in the world, a relationship to which the information and communications technology (ICT) sector is central. The EU鈥檚 Digital Single Market (DSM) initiative has the potential to significantly advance this story of transatlantic integration. By reducing regulatory fragmentation and creating a truly single [...]
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On February 2nd and 3rd, European privacy regulators will meet to decide how to move forward on one of the most important issues to face the transatlantic economic relationship in years: the terms for keeping citizens and businesses connected across the Atlantic. At stake is whether both European and American companies will be able to run their businesses, develop exciting new products and services, [...]
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NEW YORK 鈥� Today I had the privilege of attending a high-level panel discussion entitled 鈥淒evelopment in the Digital Age鈥� in the context of the United Nations General Assembly meetings in New York, where the U.S. State Department launched its much-anticipated Global Connect initiative. For so many people, access to social and economic opportunities now depends on access to the Internet. Unfortunately, [...]