After the European Court of Justice struck down the EU-U.S. Safe Harbor Agreement last October, the trans-Atlantic digital economy has come under strain. Although the EU and U.S. reached a new deal in February, rifts in regulatory approaches persist, posing problems for U.S. and EU companies alike.
British Prime Minister David Cameron has been on an offensive since the Paris attacks to counter any perception that the U.K. is shrinking in its international ambitions. Despite a boost in defense spending, however, uncertainty over the U.K.’s relations with the EU could derail his campaign.
The EU’s trade diplomacy in Asia is beginning to bear some fruit, including a landmark free trade agreement with Vietnam. But with other deals stalled, the EU’s economic outreach in Asia still falls short of its initial ambitions and now faces more competition from the Trans-Pacific Partnership.