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Re:Congress' push to regulate Big Tech is fizzling out by closewith on Thursday July 21, 2022 @09:04AM (#32178830)
When I read comments like this on HN, I honestly wonder if the commenter believes this to be true, or if it's rhetoric or maybe trolling.
Re:Congress' push to regulate Big Tech is fizzling out by leadingthenet on Thursday July 21, 2022 @09:39AM (#32179240)
I live in the EU (well, some of the time), and I honestly believe that what the above commenter says is at least partially true. The EU are being protectionist, and usually only pass these types of regulations in sectors they have little to offer in the way of competition. I eagerly await the moment they target Airbus or car manufacturers.
Re:Congress' push to regulate Big Tech is fizzling out by closewith on Thursday July 21, 2022 @09:44AM (#32179314)
The EU is categorically less protectionist than the US, and is one of the most open economies in the world.

If you honestly believe otherwise, you are intentionally misinformed.

Re:Congress' push to regulate Big Tech is fizzling out by aantix on Thursday July 21, 2022 @12:56PM (#32181781)
Sample size of one.

We hosted a German foreign exchange student.

He was very aware of famous Youtubers, utilize Google for searches, watched Tiktok constantly. He owned the latest iPhone. His English was amazing.

In certain respects, I wasn't sure if we ever offered him a radically different experience than when he experienced living in Hannover.

Big (U.S.) Tech was very embedded in his life.

Re:Congress' push to regulate Big Tech is fizzling out by onepointsixC on Thursday July 21, 2022 @09:25AM (#32179037)
It's blatantly true. Just compare the fines of VW who explicitly systematically cheated emissions tests on diesel vehicles to EU fines on Google... for recommending google products on google websites. Services are the one piece of trade between the US and EU which the US is a net exporter. Considering the number of fines and taxes which explicitly target those it's pretty clear what's going on.
Re:Congress' push to regulate Big Tech is fizzling out by closewith on Thursday July 21, 2022 @09:28AM (#32179079)
Do you believe the EU is more protectionist than the US? If so, you are too biased to have a meaningful conversation with.
Re:Congress' push to regulate Big Tech is fizzling out by onepointsixC on Thursday July 21, 2022 @10:00AM (#32179493)
What causes you to perceive the EU to be less protectionist?

The EU precovid had a net positive trade balance with the rest of the world. [1].

The US precovid had a net negative trade balance of nearly $50 Bn a month. [2].

The balance of trade between the US and EU is quite remarkably in the favor of the EU for trade with a "protectionist state ". How do you explain this discrepancy? If the US is so protectionist why are exports as a percentage of its GDP 1.58 times smaller than that of the EU [3][4]?

[1]: https://ec.europa.eu/eurostat/web/products-eurostat-news/-/d... [2]: https://www.bea.gov/news/2020/us-international-trade-goods-a... [3]: https://ec.europa.eu/eurostat/statistics-explained/index.php... [4]: https://fred.stlouisfed.org/series/B020RE1Q156NBEA

Re:Congress' push to regulate Big Tech is fizzling out by closewith on Thursday July 21, 2022 @10:08AM (#32179596)
As I replied to safety1st, a trade surplus is not evidence of protectionism. The EU has a comparable (slightly better) Weighted Mean Tariff Rate to the US, and both are the most open large economies in world.

It's unsupportable nonsense to claim otherwise.

Re:Congress' push to regulate Big Tech is fizzling out by onepointsixC on Thursday July 21, 2022 @10:19AM (#32179730)
Tariffs are only *one* means of trade policy. Pretending that they are the end all be all is nonsense. One quick example: France passed a Tax bill which targets only companies with revenues of more than 25 million euros there and 750 million globally. The catch? There's 30 companies which it applies to, but only one which is French[1]. Thus it is officially classified as merely local tax and not a tariff but in effect is a tariff on large foreign companies to give pricing advantages to local French ones. But per your measurement is a zero percentage tariff.

There are plenty of other subsidies and policy making ways to be protectionist.

And if it really were such nonsense to suggest other wise, why can you not explain the discrepancy of the US - EU trade balance. It should be simple.

[1]: https://www.bbc.com/news/world-europe-48947922

Re:Congress' push to regulate Big Tech is fizzling out by safety1st on Thursday July 21, 2022 @09:50AM (#32179371)
Wait what? The US runs a massive trade deficit with the world because it's extremely open about giving other countries access to its markets. The EU doesn't, in some years it actually runs a surplus. They're not ultra protectionist like China but I was certainly under the impression that they were more so than the US.
Re:Congress' push to regulate Big Tech is fizzling out by safety1st on Thursday July 21, 2022 @10:01AM (#32179501)
Re:Congress' push to regulate Big Tech is fizzling out by closewith on Thursday July 21, 2022 @10:01AM (#32179509)
A trade surplus is not evidence of protectionism. The most common metric to measure protectionism (in as far as it can be measured statistically) is the Weighted Mean Tariff Rate. Compare the EU at 1.48% to the US at 1.52% - the EU is slightly lower and both are among the lowest in the world, certainly of the large economies.

It's literal misinformation to say that the EU is more protectionist than the US. It was a Trump talking point, and never based in fact.

EU: https://tradingeconomics.com/european-union/tariff-rate-appl...

US: https://tradingeconomics.com/united-states/tariff-rate-appli...

Re:Congress' push to regulate Big Tech is fizzling out by onepointsixC on Thursday July 21, 2022 @10:11AM (#32179625)
If Weighted Mean Tariff rates are the only measurement for trade that could be true. But it is not. You have subsidies and you have policy and regulations which can cause non market barriers to entry. Case & point: China doesn't have any tariff on American social media companies but simply bans American companies. Per your chosen measurement, that is simply not considered.