Turbulence in global digital regulation
The change in the US administration is having very palpable repercussions in the EU, where key digital regulation is meant to impose obligations on US tech giants (e.g., Digital Services Act, Digital Markets Act, AI Act). The ongoing discussions on the EU Code of Practice for AI companies, aimed at specifying concrete obligations to comply with the AI Act, are being directly influenced by the very tense context, which emboldened Google and Meta executives to come out strongly against the current draft of the Code. The Code is supposed to be finalised in April, and STM is contributing to the drafting process. The Trump administration, in turn, adopted a memo establishing that they will retaliate, should other countries be found to apply digital regulation that the US considers to effectively act as a “digital services tax“.