SoylentNews is people
SoylentNews
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
(Score: 0) by Anonymous Coward on Sunday August 25 2019, @11:48AM
"The US is far behind China in number of patents filed each year. "
Yet Trump keeps complaining that China is stealing all of our intellectual property and he keeps insisting that their theft costs the U.S. billions of dollars.
It looks to me like the exact opposite is true now. We're the ones that keep stealing their intellectual property. So by Trump's own logic we should just start handing them over boat loads of money because we owe them all that money from all the intellectual property we keep stealing. Or maybe we should just start filing for more patents because, you know, more patents = more innovation, am I right? Then we can better do cross patent negotiations with China and not have to owe them so much.
I thought we voted for Trump because he wasn't going to parrot corporate nonsense that bought and paid for politicians do. We figure he had more money than the bought and paid for politicians and corporations couldn't buy him. Yet now he is here parroting the same garbage about intellectual property and how it keeps getting stolen. Sounds just like another corporate bought shill.