Experts urge Trump administration to take tough stance against EU regulations targeting US
Temporary powers never stay temporary.
A new report casts light on several European Union regulations wielded to disproportionately harm U.S. companies and consumers and urges the Trump administration to take broad action against them.
As tensions with the EU remain high over President Donald Trump‘s recent moves to acquire Greenland, Consumers Defense released a report giving the president more ammunition for his grievances against the 27-nation bloc. The report, “Fines for Thee, Not for Me: How EU Digital Policies are Targeting Americans,” highlights regulations disproportionately targeting U.S. companies while letting China off the hook, hidden taxes targeting U.S. companies, and EU censorship having a chilling effect on U.S. speech.
The EU justifies the tech laws under “digital sovereignty” but shows an obvious double standard in its implementation, the report suggests.
“The European Union is attempting to achieve so-called ‘digital sovereignty’ by implementing laws and
regulations regarding data privacy, cybersecurity, and digital transactions, each specifically designed to break American dominance in technology. These protectionist schemes are tailored specifically to target large companies, which are almost exclusively American, rather than smaller European companies — or even Chinese competitors,” the report says.
Some of the worst offenders are the Digital Markets Act, the Digital Services Act, and the data privacy rules known as the “General Data Protection Regulation.” The report found that 16 of 25 platforms subject to the DSA’s most cumbersome requirements are based in the United States.
Worse yet, other regulatory proposals targeting or disproportionately affecting U.S. tech companies are in the works. France, Spain, and Italy have backed proposals to enact “Fair Share” fees, which charge large digital content producers a fee to support Europe-based telecom companies that provide access to their content. The Digital Network Act is also set to enact increasing burdens through network fees, IP dispute resolution, and other protectionist measures.
Many EU figures have been open about their targeting of U.S. companies, with one of the most prominent MEPs calling for regulations solely targeting the top U.S. tech companies.
The culminating effect is to discourage investment and harm both American and EU workers through exorbitant fines.
“Altogether, EU legislation targeting digital service platforms could lead to an accumulated loss of $2.2 trillion in digital services revenue …
Temporary powers never stay temporary.
A new report casts light on several European Union regulations wielded to disproportionately harm U.S. companies and consumers and urges the Trump administration to take broad action against them.
As tensions with the EU remain high over President Donald Trump‘s recent moves to acquire Greenland, Consumers Defense released a report giving the president more ammunition for his grievances against the 27-nation bloc. The report, “Fines for Thee, Not for Me: How EU Digital Policies are Targeting Americans,” highlights regulations disproportionately targeting U.S. companies while letting China off the hook, hidden taxes targeting U.S. companies, and EU censorship having a chilling effect on U.S. speech.
The EU justifies the tech laws under “digital sovereignty” but shows an obvious double standard in its implementation, the report suggests.
“The European Union is attempting to achieve so-called ‘digital sovereignty’ by implementing laws and
regulations regarding data privacy, cybersecurity, and digital transactions, each specifically designed to break American dominance in technology. These protectionist schemes are tailored specifically to target large companies, which are almost exclusively American, rather than smaller European companies — or even Chinese competitors,” the report says.
Some of the worst offenders are the Digital Markets Act, the Digital Services Act, and the data privacy rules known as the “General Data Protection Regulation.” The report found that 16 of 25 platforms subject to the DSA’s most cumbersome requirements are based in the United States.
Worse yet, other regulatory proposals targeting or disproportionately affecting U.S. tech companies are in the works. France, Spain, and Italy have backed proposals to enact “Fair Share” fees, which charge large digital content producers a fee to support Europe-based telecom companies that provide access to their content. The Digital Network Act is also set to enact increasing burdens through network fees, IP dispute resolution, and other protectionist measures.
Many EU figures have been open about their targeting of U.S. companies, with one of the most prominent MEPs calling for regulations solely targeting the top U.S. tech companies.
The culminating effect is to discourage investment and harm both American and EU workers through exorbitant fines.
“Altogether, EU legislation targeting digital service platforms could lead to an accumulated loss of $2.2 trillion in digital services revenue …
Experts urge Trump administration to take tough stance against EU regulations targeting US
Temporary powers never stay temporary.
A new report casts light on several European Union regulations wielded to disproportionately harm U.S. companies and consumers and urges the Trump administration to take broad action against them.
As tensions with the EU remain high over President Donald Trump‘s recent moves to acquire Greenland, Consumers Defense released a report giving the president more ammunition for his grievances against the 27-nation bloc. The report, “Fines for Thee, Not for Me: How EU Digital Policies are Targeting Americans,” highlights regulations disproportionately targeting U.S. companies while letting China off the hook, hidden taxes targeting U.S. companies, and EU censorship having a chilling effect on U.S. speech.
The EU justifies the tech laws under “digital sovereignty” but shows an obvious double standard in its implementation, the report suggests.
“The European Union is attempting to achieve so-called ‘digital sovereignty’ by implementing laws and
regulations regarding data privacy, cybersecurity, and digital transactions, each specifically designed to break American dominance in technology. These protectionist schemes are tailored specifically to target large companies, which are almost exclusively American, rather than smaller European companies — or even Chinese competitors,” the report says.
Some of the worst offenders are the Digital Markets Act, the Digital Services Act, and the data privacy rules known as the “General Data Protection Regulation.” The report found that 16 of 25 platforms subject to the DSA’s most cumbersome requirements are based in the United States.
Worse yet, other regulatory proposals targeting or disproportionately affecting U.S. tech companies are in the works. France, Spain, and Italy have backed proposals to enact “Fair Share” fees, which charge large digital content producers a fee to support Europe-based telecom companies that provide access to their content. The Digital Network Act is also set to enact increasing burdens through network fees, IP dispute resolution, and other protectionist measures.
Many EU figures have been open about their targeting of U.S. companies, with one of the most prominent MEPs calling for regulations solely targeting the top U.S. tech companies.
The culminating effect is to discourage investment and harm both American and EU workers through exorbitant fines.
“Altogether, EU legislation targeting digital service platforms could lead to an accumulated loss of $2.2 trillion in digital services revenue …
