To Do Business in Digital Age, US and EU Must Compromise on Privacy

European citizens and policymakers are understandably concerned about privacy safeguards in U.S. law, but abruptly revoking the Safe Harbor agreement was the wrong way to address those concerns, writes Daniel Castro in The Hill. It is disrupting not just the thousands of U.S. and European companies that currently depend on the Safe Harbor to do business across the Atlantic, but also the broader digital economy. Policymakers in the United States and EU should work together swiftly to implement an interim agreement and make a number of much-needed privacy reforms to rebuild trust and cooperation if these countries want the world’s most critical economic relationship to continue.