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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

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  • (Score: 5, Insightful) by Gaaark on Saturday August 24 2019, @03:53PM (3 children)

    by Gaaark (41) on Saturday August 24 2019, @03:53PM (#884791) Journal

    "protectionism, throwing money at cronies, ratcheting a little more on human freedom"

    So...what Trump is doing?

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    --- Please remind me if I haven't been civil to you: I'm channeling MDC. I have always been here. ---Gaaark 2.0 --
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  • (Score: 0) by Anonymous Coward on Saturday August 24 2019, @04:28PM

    by Anonymous Coward on Saturday August 24 2019, @04:28PM (#884806)

    Too real too soon for the likes of khallow. They can only handle reality in their next reincarnation where they suffer from the consequences of their previous choices. Will be become a seal choking in oil soaked waters, or a chinese kid who can't breathe due to smog?

    Who knows, but they are seriously defending the Koch douche so awareness isn't in the cards this round.

  • (Score: 1) by khallow on Saturday August 24 2019, @11:42PM (1 child)

    by khallow (3766) Subscriber Badge on Saturday August 24 2019, @11:42PM (#884970) Journal

    So...what Trump is doing?

    Much of the same. But not everyone considers what Trump does to be a green light to do the same.

    • (Score: 2) by Gaaark on Saturday August 24 2019, @11:58PM

      by Gaaark (41) on Saturday August 24 2019, @11:58PM (#884978) Journal

      I'd agree, except "throwing money at cronies, ratcheting a little more on human freedom" seems to be the politics of Obama and Bush as well. Maybe I could go on, but I'm not THAT familiar with American politics.

      I'm sure Clinton and other Bush, etc, shovelled loads of cash to friends, at the least.

      Not just in Europe.

      --
      --- Please remind me if I haven't been civil to you: I'm channeling MDC. I have always been here. ---Gaaark 2.0 --