It’s Open Season On U.S. Companies From Europe, And Beyond (From RealClearMarkets)

On March 6, the European Commission is expected to celebrate its onerous implementation of new regulatory restrictions against five large U.S. technology leaders: Alphabet (Google), Amazon, Apple, Meta (Facebook), and Microsoft.

That’s the deadline for these companies, determined to be technology gatekeepers, to comply with voluminous provisions of the Digital Markets Act ostensibly so their services are improved for customers and even competitors. What the European Commission is really up to is a regulatory power and financial grab, which also helps to prop up weaker European companies.

In fact, the March 6 deadline is not the end but rather just the beginning, as the Rubicon has been crossed. Central to this is U.S. policymakers enabled this to happen.

Lexington Institute’s Paul Steidler discusses this in the Op-Ed here in RealClearMarkets.