Yaël Ossowski
President Trump’s tariff-heavy trade agenda is quickly proving unpopular with Americans, which might explain why the administration worked overtime to rebrand tariffs as “liberation” from foreign partners who treated the United States unfairly. As part of the narrative switch, Trump’s team has at least one clever weapon that could ultimately serve to defend and strengthen free trade and innovation between the US and its allies like the European Union.
By framing any punitive regulation or excessive fine issued by foreign countries against U.S. firms as a legal device that “restricts, prevents, or impedes international trade,” President Trump has made a fresh case for how digital regulation and international diplomacy should work in the twenty-first century.
This idea is more interesting and impactful than many people may realize.
As anyone who casually observes the stock market can tell you, the U.S. economy is now bound at the hip with the fate of its technology companies. At a conservative estimate of 9 percent of GDP, our nation’s powerhouse tech firms based in Silicon Valley, Austin, and New York City have become a daily presence in our lives. For better or for worse, President Trump has taken notice.
No comments:
Post a Comment