How new US tariffs are forcing Europe to rethink its entire tech stack
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Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#2[deleted]
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#3I believe politicians in the EU are chomping at the bit to get a digital services tax implemented against US big tech companies. I think Silicon Valley tech titans really screwed the pooch here.
They are going to be big targets for trade retaliation and I am not sure how much help the US government will be able to offer. Moreover, if the administration changes, the Democrats will absolutely take apart these tech companies.
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#4It's not the taxes, it's the loss of trust and security.
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#5Every continent will have its own cloud, and tech by the end of 2050.
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#6This is broadly a good thing: it will lead to more competition and a more vibrant, diverse internet with a wider array of choices. It does, of course, suck for the companies that are used to being near-monopolies.
Which is not to say that the tariffs are a good thing at all, of course. But if it encourages international communities to build their own stacks and add them to the marketplace, that's a really strong silver lining in my mind.
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#7EU, UK, Switzerland, Norway have huge government innovation funds. Unfortunately they are mostly given to manage to politicians who are loyal, but not very bright, and possibly corrupt.
Now would be a perfect time to take advantage of the stupidity of Trump and channel these government investments into building European infrastructure providers (cloud and AI), but I very much doubt this will happen.
Without goverment support there is just no way in Europe to raise the capital that is required to compete with the American big tech.
EU assigned as commisioner of Startups, Research and Innovation a bulgarian politician called Ekaterina Zaharieva. Bulgaria is the poorest member of EU - shows you how much EU values startups, research and innovation.
On top of that Zaharieva is a member of the political party Gerb, well known for corruption. A few years ago somebody took pictures of their leader sleeping in his bedroom, surrounded with gold bars and stacks of euros. An ex-financial minister from Gerb is sanctioned for corruption under the Magnitsky Act.
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#8I believe politicians in the EU are chomping at the bit to get a digital services tax implemented against US big tech companies. I think Silicon Valley tech titans really screwed the pooch here. They are going to be big targets for trade retaliation and I am not sure how much help the US government will be able to offer. Moreover, if the administration changes, the Democrats will absolutely take apart these tech comp…
Looking at the situation from the shoes of a tech titan (Zuck, Musk, Bezos, etc), i almost see it as the lesser of two evils.
The problem they had was Lina Khan, who was dead set on breaking up their monopolies. They all decided to get into bed with the Trump admin and help het the guy elected, they all say it was for free speech but let’s get real it’s only because Lina Khan is no longer at FTC.
But now they have a different problem because Trump decided that tarrifs are a great idea and now they are going to take a massive hit over the next few years as folks outside the US increasingly look for non US cloud solutions.
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#9I believe politicians in the EU are chomping at the bit to get a digital services tax implemented against US big tech companies. I think Silicon Valley tech titans really screwed the pooch here. They are going to be big targets for trade retaliation and I am not sure how much help the US government will be able to offer. Moreover, if the administration changes, the Democrats will absolutely take apart these tech comp…
> if the administration changes, the Democrats will absolutely take apart these tech companies.
I don’t know if it will happen though. Tech companies have a lot of cash and lobby power. But some kind of move is highly needed as the tech sector morphed into something despicable
Re: How new US tariffs are forcing Europe to rethink its entire tech stack
#10[deleted]