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US bars ex-EU commissioner amid escalating transatlantic digital regulation dispute

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US bars ex-EU commissioner amid escalating transatlantic digital regulation dispute

2025-12-24 15:46 Last Updated At:19:57

The United States has imposed visa restrictions on five individuals, including former European Commissioner Thierry Breton, barring them from entering the country, the U.S. State Department announced on Tuesday.

U.S. Secretary of State Marco Rubio said in a social media post that those targeted "have led organized efforts to coerce American platforms to censor."

Breton, who served as the European commissioner for the internal market from 2019-2024, rejected the U.S. move, calling it "witch hunt." In a statement issued the same day, he questioned "Is McCarthy's witch hunt back?"

Observers say the visa restrictions may be linked to growing tensions between the United States and the European Union over digital regulation.

On December 5, the European Commission issued its first non-compliance decision under the Digital Services Act, fining social media platform X -- owned by U.S. billionaire Elon Musk -- 120 million euros.

U.S. President Donald Trump responded by warning that the U.S. would impose additional tariffs on the EU if it continued to penalize American technology companies.

Since the beginning of the year, the EU has launched a series of enforcement actions against U.S. tech firms under the Digital Services Act and the Digital Markets Act.

U.S. officials argue that the EU's regulatory framework unfairly targets American companies and have sought concessions by leveraging tariffs on steel and aluminum.

The EU slammed the U.S. approach as "blackmail," insisting that its digital regulations are a matter of sovereignty and allows no challenge.

US bars ex-EU commissioner amid escalating transatlantic digital regulation dispute

US bars ex-EU commissioner amid escalating transatlantic digital regulation dispute

US bars ex-EU commissioner amid escalating transatlantic digital regulation dispute

US bars ex-EU commissioner amid escalating transatlantic digital regulation dispute

International gold prices surged to fresh record highs on Wednesday driven by escalating geopolitical tensions, tight market supply and demand, and rising safe-haven demand.

Since the beginning of this year, global gold prices have climbed more than 70 percent.

On Wednesday, the most actively traded gold futures contract for February 2026 on the New York Mercantile Exchange rose 46.3 U.S. dollars to settle at 4,505.7 dollars per ounce.

Meanwhile, spot gold prices in London also passed the 4,500-U.S.-dollar-per-ounce mark.

Analysts said heightened geopolitical pressure stemming from tensions between the United States and Venezuela, coupled with a sustained decline in the U.S. dollar index, has provided some support to prices of dollar-denominated precious metals futures.

Data show that the U.S. dollar index has fallen nearly 10 percent so far this year and may be headed for its worst annual performance since 2003.

Gold prices hit record highs amid geopolitical tensions

Gold prices hit record highs amid geopolitical tensions

Gold prices hit record highs amid geopolitical tensions

Gold prices hit record highs amid geopolitical tensions

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