Europe

"Without a successor … disruption of transatlantic data transfers will have significant adverse effects on U.S. consumers, businesses, and economic growth.”

The U.S. and Canada could agree to negotiate most-favored-nation treatment of lobster in trade deals with other countries given the integrated nature of the industry, U.S. International Trade Commission Chair Jason Kearns suggested on Thursday.

“We certainly understand the interplay between the EU-UK trade deal, and the Internal Market Bill, and The Good Friday Agreement, which is mostly why I’m here.”

Major U.S. and United Kingdom business and financial groups on Friday relaunched a trans-Atlantic alliance and released new proposals for closer financial regulatory cooperation between the U.S. and UK.

The European Commission’s proposal to implement the recently announced tariff agreement with the U.S. allows the bloc to reinstate the duties on lobster if the U.S. imposes new measures on the European Union that “undermine” the relationship -- an effort to ensure the bloc is “not naive,” a Commission trade official said on Thursday.

The U.S. and the United Kingdom’s bilateral trade negotiations have progressed to “advanced stages,” with negotiators consolidating text in a majority of chapters of a potential deal, British Trade Secretary Liz Truss said on Tuesday.

United Kingdom Foreign Secretary Dominic Raab met with administration officials and lawmakers on Wednesday in an attempt to ease concerns over the Good Friday Agreement as the UK tries to ensure trade talks with the U.S. are not deterred by a Brexit fallout.

“An Ireland divided by a hard border risks inflaming old tensions that very much still fester today and undoing decades of progress.”

Finance Minister Bruno Le Maire said the “only winners” in the global economic crisis are the “digital giants.”