Re:US to ban transactions with ByteDance and WeChat in 45 days
by bleepblorp on Friday August 07, 2020 @05:08AM
(#24079912)
There's a very good case that the EU should limit both Chinese and US tech sector market access both for security reasons and to help build a viable European tech sector.
European data should be controlled in Europe, not on US or Chinese clouds and subject to the CLOUD Act and its Chinese equivalent. Lack of data sovereignty is a major threat to European sovereignty in general.
Confiscating the economic value of existing non-EU tech sector firms in Europe, as the US is doing with TikTok and WeChat, isn't the best way to make this happen, however. Buying existing assets at market value is a fairer approach.
European data should be controlled in Europe, not on US or Chinese clouds and subject to the CLOUD Act and its Chinese equivalent. Lack of data sovereignty is a major threat to European sovereignty in general.
Confiscating the economic value of existing non-EU tech sector firms in Europe, as the US is doing with TikTok and WeChat, isn't the best way to make this happen, however. Buying existing assets at market value is a fairer approach.