By Foo Yun Chee and Sudip Kar-Gupta
BRUSSELS (Reuters) -A data transfer deal agreed by the European Union and the United States two years ago to replace two previous pacts rejected by a higher tribunal was given the green light by Europe’s second-highest court on Wednesday.
The ruling will provide legal certainty to thousands of companies, ranging from banks to tech companies to drugmakers and car manufacturers, that transfer personal data across the Atlantic for commercial use such as payroll purposes and cloud infrastructure.
The case comes at a time of tension in EU-U.S. relations following an EU crackdown on Big Tech and threats of retaliation by U.S. President Donald Trump.
The European Commission, which negotiated the accord on behalf of the 27 EU member states in 2023, had said