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Story summary
- Jacob Helberg, U.S. Under Secretary of State, identifies EU fines on U.S. companies as the friction in U.S.-EU economic relations.
- He criticizes the Digital Markets Act for punitive fines.
- During his Europe visit, he aims to strengthen economic ties and advance partnerships in emerging technologies.
- He notes discussions with the European Commission on supply-chain cooperation.
- He is to meet ASML executives and did not comment on export controls to China.
