Europe and US share differing views on how to approach antitrust

05/02/2024 | Financial Times

A recent competition policy conference in Brussels saw top regulators from the US and Europe, as well as other countries, attempting to develop a shared approach to antitrust policy. However, the fundamental differences in how Americans and Europeans view corporate concentration may make it difficult to achieve this goal. While consumer welfare underpins the European approach, Americans are undertaking a broader examination of how corporate power is amassed and wielded. US trade representative Katherine Tai has been vocal about the need to grapple with the concentration of power in the technology field by the companies collecting the data. She warns that the traditional "US support for a laissez-faire approach to cross-border data flows," could endanger privacy and support the monopoly power of big tech. Meanwhile, Europeans seem to be stuck in the narrow world of pricing models.

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Antitrust, competition

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