Re:US to ban transactions with ByteDance and WeChat in 45 days
by jorblumesea on Friday August 07, 2020 @11:41AM
(#24083069)
While it's true that the US is backsliding in some agreements, this is mostly due to the current administration and unclear if this will continue.
Historically, the US has mostly been a free market to both Europe and Canada, and hasn't enacted protectionist measures overall. The US allows European car companies to sell here despite having domestic production. Nestle, HSBC, Astra-Zeneca, Siemens, SAP, Ericsson...these are all companies that are titans in their respective industries and also have a large mostly dominant US presence.
The level of US protectionism pales in comparison to what China engages in and it's hardly fair to compare the two. Obviously there are well sourced grievances but to compare China's protectionism to US protectionism isn't correct.
Historically, the US has mostly been a free market to both Europe and Canada, and hasn't enacted protectionist measures overall. The US allows European car companies to sell here despite having domestic production. Nestle, HSBC, Astra-Zeneca, Siemens, SAP, Ericsson...these are all companies that are titans in their respective industries and also have a large mostly dominant US presence.
The level of US protectionism pales in comparison to what China engages in and it's hardly fair to compare the two. Obviously there are well sourced grievances but to compare China's protectionism to US protectionism isn't correct.