Numerous regulations and restrictions on data privacy and online content are cited in a report from Public Policy Solutions, which argues that the EU should be facilitating a free market instead of discriminating against U.S. digital companies.
“When our European partners say ‘digital sovereignty,’ what they mean is manipulating the digital market to hamstring U.S. companies to give themselves a competitive advantage,” the report states.
The nonprofit backs a trade deal removing the non-tariff trade barriers that “hamstring” American innovation.
The group proposes three solutions: eliminating all discriminatory taxes, fines, and laws against American digital companies; abandoning unfair regulations; and suspending consideration of the upcoming Digital Network Act, which, if adopted, would transfer wealth from American companies to European companies.
“While we’ve long expected unfair and predatory trade practices from adversaries, we’ve been far too slow to recognize and curtail similar behavior from Europe,” Public Policy Solutions founder and President Joe Grogan previously said in a statement shared with the Washington Examiner. “In order to restore balance to our partnership with the EU, any trade deal must address non-tariff barriers like digital service taxes and end their protectionist approach to these American innovators.”
Read the full aticle at www.washingtonexaminor.com