economy
Lula’s attack on American tech deserves a response
President Donald Trump had a good White House meeting with Brazilian President Luiz Inacio Lula da Silva this week. Now he should press to end Brazil’s discrimination against American tech companies.
TL;DR
- Brazil's Bill 4675 aims to regulate digital markets but is criticized for discriminating against American tech companies based on their size.
- The legislation, modeled on Europe's Digital Markets Act, could hinder innovation and negatively impact Brazil's economic growth.
- The bill could damage the strong trade and investment relationship between Brazil and the United States.
- President Trump is urged to persuade President Lula to abandon Bill 4675 to foster a better U.S.-Brazil relationship and support Brazil's digital transformation.