Time To Push Back As EU Poised To Seize Billions In U.S. Assets (From InsideSources DC Journal)

If Fidel Castro were alive, he would light a cigar and celebrate that the European Union is poised to confiscate far more funds from the United States in one year than Castro could in a lifetime. Furthermore, the EU has gotten the U.S. government to aid and abet it.

Through its Digital Markets Act (DMA) and Digital Services Act (DSA), the EU has imposed onerous requirements on large technology companies. Most of the designated companies are from the United States, a few are from China, and the principal beneficiaries are these companies’ European technology competitors, who are far less successful and innovative than those from the United States.

I examine these issues in an Op-Ed for InsideSources DC Journal here.