It seems like a perfectly reasonable power to me, i certainly would not vote against regulators being able to do so if I were a UK citizen.
As an American citizen, would you want to restrict regulators from being able to block the business of a company that merged with a CCP controlled company in China?
> As an American citizen, would you want to restrict regulators from being able to block the business of a company that merged with a CCP controlled company in China?
On what grounds would that business be blocked?
On grounds having being state controlled? I'm not sure US regulators do have that power. On some pretend grounds, to be able to wield it as a geopolitical weapon? Probably not.
> On grounds having being state controlled? I'm not sure US regulators do have that power. On some pretend grounds, to be able to wield it as a geopolitical weapon? Probably not.
overall, the Commerce Clause in article I of the US constitution grants the federal government power to regulate commerce with foreign nations, which includes import / export restrictions. For example you can't really buy things from Iran or Cuba without major restrictions if at all.
if a trade embargo doesn't fall under the realm of "geopolitical weapon" I don't know what does.
The "probably not" was intended to be an answer to the question "would you support" - apologies, that wasn't clear.
My overall point is that details matter for good policy. A regulator having the power to ban a foreign merger for supposed anti-competitive reasons, but really political ones, is not the same thing as, say, a legislative body passing sanctions legislation.
In other words, just because the UK wants to ability to sanction a Chinese business does not mean the Competition and Markets Authority needs to granted the ability to interfere with Chinese mergers.
Are you for real? Do you know that Cuba's being embargoed because Cuban Americans in Florida are an important political group?
How much more geopolitical do you have to get? You've been trying to starve an entire country for more than half a century because a bunch of your citizens are pissed off they got kicked out of there 30+ years ago and your politicians need them to win vital nation-wide elections.
Yes, I know about all the Cuban abuses and all that other garbage, but that doesn't make it right because the US is allied to <<soooo>> many other human rights violating countries and it doesn't even bat an eye.
As an American citizen, would you want to restrict regulators from being able to block the business of a company that merged with a CCP controlled company in China?