Stories
Slash Boxes
Comments

SoylentNews is people

EU Officials Draft Plan to Take On Trump, China and US Tech

posted by martyb on Saturday August 24 2019, @12:19PM   Printer-friendly

The Good Doctor Hue Phlung Pu writes:

European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trump's trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook.

According to a document obtained by POLITICO, European Commission officials are pushing their president-elect, Ursula von der Leyen, to set up a European Future Fund that would invest more than $100 billion in equity stakes in high-potential European companies.

The goal: get Europe competing head-on with the American and Chinese tech giants it has lagged behind for decades.

[...] The EU would use a so-called draft "Enforcement Regulation" if the Trump administration succeeds in its efforts to grind the World Trade Organization (WTO) to a halt.

[...] The EU is hoping to emulate past successes, such as its development of the GSM mobile global standard, which fueled the rise of companies such as Nokia.

[...] The document seeks more stringent measures to block Chinese companies from taking part in tenders in Europe to penalize them for the level of subsidies that they receive from the government in Beijing.

https://www.politico.com/story/2019/08/22/europe-plan-trump-tech-companies-1472326

Original Submission

 
This discussion has been archived. No new comments can be posted.
EU Officials Draft Plan to Take On Trump, China and US Tech | Log In/Create an Account | Top | 40 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 4, Interesting) by The Shire on Saturday August 24 2019, @01:21PM (2 children)

    by The Shire (5824) on Saturday August 24 2019, @01:21PM (#884708)

    WTO still classifies China as a "developing country". Trump has nothing to do with that. They can start their fight by properly changing that status.

    Starting Score:    1  point
    Moderation   +2  
       Insightful=1, Interesting=1, Total=2
    Extra 'Interesting' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   4  

  • (Score: 3, Insightful) by driverless on Sunday August 25 2019, @03:01AM (1 child)

    by driverless (4770) on Sunday August 25 2019, @03:01AM (#885047)

    I'm not sure if they can. Although China has a lot of industry concentrated in large cities, a lot of the rural population is still living in the 1800s. You can argue their developed status either way.

    • (Score: 0) by Anonymous Coward on Sunday August 25 2019, @11:19AM

      by Anonymous Coward on Sunday August 25 2019, @11:19AM (#885136)

      That's an internal problem. China has the means and knowledge to be a developed country, so it should be classified as such. Otherwise, you provide a big incentive for countries to keep a part of their country living in stone-age conditions to keep their "developing" status.

      We don't classify the US as a developing nation based on the illiteracy rates in some states, now do we?