This sword cuts both ways. US can also stop sales of Airbuses, Volkswagens, IKEA furniture etc. under some fishy premise. If EU does that to US companies, why shouldn’t US do it to EU ones? This kind of tit for tat trade war would be a loss to everyone compared to cooperation, but is still preferred to cooperating with a defector.
Isn’t this the case with all sovereign countries, though? You can never guarantee that a government won’t demand a company in that country to hand over data, that is what it means to be sovereign.
Generally speaking, we look at the legal system in the country and decide whether it is /legal/ for the state to do such a thing, and whether there are appropriate safeguards to prevent it from doing so. Yes, they could change the law - and at that point it would become illegal for companies in that country to do business in the EU.
Usually most countries are smart enough not to damage themselves economically by preventing their companies from selling to a large, reasonably rich union.
There is no tit for tat, we european citizens don't want our personal data to be accessible to the US government and their respective secret agencies.
The US government will not back up from their policy and so we do neither but since we otherwise enjoy a great partnership and alliance, we take this issue pretty "dry and emotionless", trust me, there are no hard feelings or ill intentions.
No, because Germany doesn't have that big of an IT space. Aerospace and automotive would be good sectors to hit back with because they are more relatively important to Germany as IT is for the US.
I'm saying that if Europe decides it wants to block off parts of its economy, the US would be perfectly justified in doing the same (to everyone's detriment).
I could imagine a US based law that banned the sale of any durable goods produced by a company headquartered in a country that still got more than 5% of its power from lignite coal due to a strong climate commitment. That's tailored basically only to impact Germany. Is that fair?
OK but not wanting our personal records to be arbitrarily sized by the US government is very reasonable. Your government made a law that lets it spy on us... that's your problem.
I don't think it's reasonable that I'm paying more than my share of taxes for the defense capabilities that allows Europe free access to a stable world market and roughly rules based international order that underpins the export economy of Germany in particular. If Europe would fix that, I'd feel a lot worse about the spying.
Why should they? Europe signed free trade agreements and promised they would open their markets to the USA if the USA reciprocated. Excluding American companies from doing business seems a pretty big violation of this. I guess EU is free to cancel those free trade agreements, but they aren't free to just ignore them and just make it illegal for American companies to do business in Europe because of privacy rules that exclude American companies purely on the fact that they are American.
It’ll be bad for a while, but alternatives will pop up. There’s plenty of money to be made.
Europe is Apple’s third largest market, making $90 billion last year alone. You don’t think other companies will step up for even a tiny percent of that?