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US to ban transactions with ByteDance and WeChat in 45 days

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321–330 of 1001 posts

Re: US to ban transactions with ByteDance and WeChat in 45 days

#321

This is sad, we in the US are losing the little high ground we had and no longer lead by example to bring the world closer together by encouraging free markets and free people. I'm against this protectionist nationalism, it only leads to future conflict.

You need to study up on game theory. Being the only nice guy surrounded by jerks who take advantage of you benefits them and wipes you out.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#322
post #312

Some people here are wondering about the implications of this. What this means IMO is that all Chinese investments in SV need to be liquidated at fire sale prices in the next 45 days. Regardless of how people here feel about China this is a huge escalation. The US is inflicting huge losses on Chinese companies for no clear violation of US laws on their part. The pandoras box is now open. Do countries get to do this t…

"China can ban Boeing from China..." Not if they don't want an airline industry. China does not have the capacity to build a jet engine yet alone a commercial plane in service.

Airbus

Re: US to ban transactions with ByteDance and WeChat in 45 days

#323
post #312

Some people here are wondering about the implications of this. What this means IMO is that all Chinese investments in SV need to be liquidated at fire sale prices in the next 45 days. Regardless of how people here feel about China this is a huge escalation. The US is inflicting huge losses on Chinese companies for no clear violation of US laws on their part. The pandoras box is now open. Do countries get to do this t…

"China can ban Boeing from China..." Not if they don't want an airline industry. China does not have the capacity to build a jet engine yet alone a commercial plane in service.

a.) They could buy from Airbus

b.) https://de.wikipedia.org/wiki/Commercial_Aircraft_Corporatio...

Re: US to ban transactions with ByteDance and WeChat in 45 days

#324
I don't get it. It's US companies standing to loose their stronghold (near monopoly) on social, advertisement, and other forms of monetizing the web if the US creates a precedent for "national security" in this way, as in "we're welcoming social networks and free speech as long as it benefits the US and can be searched without warrant." Quite predictably, governments all over the world will be pressurized to question why they should give US companies (bred by teethless US antitrust) a free pass to destroy their publishing industry. Publishers themselves will put this onto the agenda in their own best interest. The French are already on the fence to create new digital tax legislation after EU/US negotiation have been aborted by the US side. Maybe hurting Google, Facebook, Twitter & co is seen as desired collateral damage?

Re: US to ban transactions with ByteDance and WeChat in 45 days

#325
After seeing some of the comments here and seeing their half-baked "libertarian' views which are grounded in fantasy, I am speaking out and saying: Good job! It is about time! I fully support decisions like this.

There is no point in playing a "fair" game if the player (China) won't follow the rules.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#326
post #280
post #267

Earlier quoted context omitted.

Isn't this exactly what US companies do, and what the US government wants to do?

the us needs a warrant to spy on its own citizens

And Edward Snowden is living in Russia because he loves the food there.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#328

I don't get it. It's US companies standing to loose their stronghold (near monopoly) on social, advertisement, and other forms of monetizing the web if the US creates a precedent for "national security" in this way, as in "we're welcoming social networks and free speech as long as it benefits the US and can be searched without warrant." Quite predictably, governments all over the world will be pressurized to question…

What's stopping Volkswagen from lobbying Germany to ban Teslas because all the cameras in it pose a "national security risk"?

This is, by all account, a shortsighted move

Re: US to ban transactions with ByteDance and WeChat in 45 days

#329

What is his motivation for this right now? Is it just the distraction of the week or was there a specific incident recently that triggered this?

There’s likely a lot that is not and will never be covered in the news that the NSA and CIA know. I’m sure they look at our commentary on here, with 1% of the geopolitical information, and chuckle.

Do you really think this has anything to do with national security? Don't be naive. Trump hasn't listened to the CIA or the NSA in 3½ years, he's not starting now. This is 100% pure political grandstanding and retaliation for the Tulsa rally. Assuming otherwise is giving way, way, way too much credit.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#330

For WeChat, how much impact will this have on Americans? As an American, I tried signing up to communicate w/ someone in China, and I couldn't get through the verification process. Obviously TikTok has a big USA presence.

> As an American, I tried signing up to communicate w/ someone in China, and I couldn't get through the verification process.

I signed up before there was a verification process. But my understanding is that you get vouched for by an existing account. Since you were signing up to communicate with someone, wouldn't that person have been a natural choice to verify you?

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