America and Europe will create a joint tech council to craft new rules on trade

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America and Europe will create a joint tech council to craft new rules on trade
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The council will devise new standards for emerging tech; promote democratic values online; and help the U.S. and EU collaborate on cutting edge research.

The United States and the European Union will announce a new joint technology and trade initiative Tuesday to counter China's rising influence.

China has made huge public investments in its tech sector, creating an internet economy that is controlled by the state and reflects its political values. The U.S.-EU Trade and Technology Council will have three overarching goals: To establish new global trade standards for emerging technology; to promote democratic values online; and to find ways for the United States and the EU to collaborate on cutting edge research and development.

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