economy
Europe Can’t Innovate, So It Regulates. It’s Time for Washington to Fight Back
The European Union has, time and time again, promised “fairness” and “competition” in its digital regulations. Instead, what it has delivered is a regulatory regime with unnecessary digital trade barriers that hurt American technology firms, workers, and consumers.
TL;DR
- The EU's digital regulations are criticized for creating unnecessary digital trade barriers.
- These barriers harm American technology firms, workers, and consumers.
- The EU has not removed regulations like the Digital Markets Act as promised.
- 25 lawmakers have urged the administration to launch a trade investigation into the EU's digital trade practices.
- The EU's technology agenda is seen as undermining the progress of the Trump administration's economic policies.