A new forum, dubbed the US-EU Trade and Technology Council (TTC) will include senior cabinet officials from both continents which is pledged to cooperate on the screening of investments on export controls for sensitive dual-use technologies and on the development of artificial intelligence (AI).
The meetings were led by US Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai, EU trade chief Valdis Dombrovskis, and European Commissioner for Competition Margrethe Vestager.
They met in a robotics and AI technology development centre built inside the rusted skeleton of a former steel rolling mill topped with solar panels, a symbol of Pittsburgh's post-industrial rebirth as a tech hub.
The meeting was nearly derailed by French anger over a US decision this month to supply Australia with nuclear submarines, which prompted Canberra to scrap a $40 billion submarine contract with France.
But the US and EU governments backed a joint declaration to strengthen semiconductor supply chains, focusing initially on easing short-term supply bottlenecks and later on identifying longer-term vulnerabilities and "strengthening our domestic semiconductor ecosystems, from research, design to manufacturing, with a view to improving resilience".
They said they would work to avoid a subsidy race to attract chip investments and seek "the right incentives".
The statement did not specify a period for a second TTC meeting, but EU officials said this would likely take place in the spring of 2022 in Europe.
One thing the meeting looked at was developing a more unified approach to dealing with Big Tech. Which is odd really given that most of the offenders are from the US. The meeting talked about common areas of concern such as illegal and harmful content amplified by algorithms, rather than issues like tax.
"We are committed to transatlantic cooperation regarding platform policies that focus on disinformation, product safety, counterfeit products, and other harmful content", the statement said.
Vestager, who has taken a tough stance on the US tech industry for years, said the discussions on AI were among the meeting's biggest takeaway.
"Minds are meeting for artificial intelligence to be trustworthy, to be human centered, and to have a risk based approach", Vestager told reporters after the meeting.
The new tech and trade council has formed 10 working groups to deepen cooperation on these areas and others that include climate and clean technologies, communications technology security, and misuse of technology to repress human rights.
Several tech trade groups in Washington said the industry does not want the United States to adopt the European approach to digital regulation and were already writing cheques letters to politicians to stop it happening.