US and EU likely to target Big Tech at trade and tech council meet: Report

The United States and European Union plan to take a more unified approach to limit the growing market power of Big Tech companies, according to a draft memo seen by Reuters.

The move will be among announcements on tech, climate, trade and supply chains likely to be made at a U.S.-EU Trade & Technology Council meeting on Sept. 29 in Pittsburgh.

With the U.S. and Europe trying to restrain the growing power of American tech giants such as Alphabet’s Google, Facebook, Apple and Amazon.com Inc, such cooperation has become critically important for regulators on both sides of the Atlantic – and would make it harder for the U.S. tech industry to fight new rules.