This is vastly oversimplifying things. US would put tremendous diplomatic and other means of pressure if EU does serious harm to tech companies. US-EU and US-China relation is very different.
> US would put tremendous diplomatic and other means of pressure if EU does serious harm to tech companies.
Even more reason that the EU should work as hard as possible to get rid of their reliance on American companies. America is no longer a trusted partner.
I agree. Breaking up Big Tech might seem like going after windmills but maybe it's time to protect our local industries before we're all stuck buying abroad from monopolies that dictate what we see, buy and even think. A bit of protectionism now could mean healthier markets later. Less tech oligopoly, more tech diversity.
It certainly was very different - maybe less clear that it will remain so.
The whole tariffs debacle, the threat that the US won't back NATO allies in the event of Russian aggression, wavering US support for Ukraine... The EU is starting to see a need to pivot away from reliance on the US.
Without that relationship, a lot of US tech firm offerings are going to look much worse (i.e. we might quickly see an end to overlooking blatant tax evasion and GDPR violations)
Europe can just ignore that, in a week or two the US leadership will have another agenda. If things get too intense EU can buy some trump coins.
Nobody cares about company fundamentals anymore, so for most Americans this would be a trading opportunity. Many will buy the dip and the stocks with rise back even if half of their revenue streams are gone.
