Economy sees TTC at crossroads

The Trade and Technology Council (TTC) between the EU and the USA is supposed to fix what laws like the IRA have damaged. But the major business associations have so far lacked tangible results – the upcoming fourth meeting is therefore a „critical milestone“.

A new start for transatlantic trade relations – the EU-US Trade and Technology Council (TTC) was supposed to be nothing less than that, ever since it was founded in 2021. But the most important German business associations already see the platform at a crossroads: The past third ministerial meeting (TTC3) fell short of expectations and brought only limited progress, according to a statement by the Transatlantic Business Initiative (TBI), in which the BDI, BGA, DIHK and the banking association BdB have joined forces. Since the continuation of the TTC after the US presidential elections in 2024 is anything but certain, the TTC4 marks „a critical milestone“.

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