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

Accepted submission by The Good Doctor Hue Phlung Pu mailto:cjbehm@avrltd.com at 2019-08-23 03:44:53 from the Europe-May-Be-Better-Off-Once-the-Brits-Bugger-Off dept.
Business

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.

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 [politico.com]


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