“We shouldn’t do that, nor is it necessary. Our interests are broadly aligned and compatible, particularly when it comes to China, ”Atkinson said.
The powerful US Chamber of Commerce said the TTC’s actions should “avoid policies and regulatory measures that target companies directed by the other party, explicitly or implicitly, through laws or regulations.”
Mitigating a severe chip shortage that has hit companies, including American automakers, will be a priority for the panel, the officials said.
The development and implementation of artificial intelligence that improves privacy protections will also be discussed and a joint study will be conducted on how the technology affects global trade, they said.
A US administration official also said that discussions between the US and the EU on steel and aluminum tariffs are moving along a separate track from the TTC process, hopefully with guidance on the way forward for end of the year. (Reporting by Nandita Bose and David Lawder in Washington; Edited by Nick Macfie, Jonathan Oatis, and Himani Sarkar)