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Okay, Trump keeps talking about how "unfair" the EU and Canada (and the rest of the world) are to the US, how much we export to them while they import so liiiiiittleeee… But that’s a truth with modifications. So here’s my proposal:
Let’s hit right at that modification.
The tech industry isn’t counted as export/import, even though it’s overwhelmingly American. If we included modern services—cloud platforms, social media, subscription services—EU imports from the US would skyrocket. In fact, the trade balance would be negative with a capital N, maybe even twice as bad as officially reported. Traditional statistics don’t capture this because digital services are categorized differently or hidden in offshore setups to dodge taxes. Canada is probably hit by the same distortion.
So what can we do?
1. Digital tariffs and fees
Meanwhile, US tech giants are vacuuming up the European market for innovation—funded by American tax dollars! This has to stop! The US needs to quit exploiting European ingenuity just to boost itself. Come up with something on your own for once! (Complaining about China? Ridiculous!)
Let’s hit right at that modification.
The tech industry isn’t counted as export/import, even though it’s overwhelmingly American. If we included modern services—cloud platforms, social media, subscription services—EU imports from the US would skyrocket. In fact, the trade balance would be negative with a capital N, maybe even twice as bad as officially reported. Traditional statistics don’t capture this because digital services are categorized differently or hidden in offshore setups to dodge taxes. Canada is probably hit by the same distortion.
So what can we do?
1. Digital tariffs and fees
- Tariffs on cloud services – Fees on data transfers from US-based cloud providers (AWS, Azure, Google Cloud).
- Fees on social media – Platforms like Facebook, Twitter/X, TikTok, and YouTube could be charged a market access fee per active user in the EU/Canada.
- Digital Services Tax (DST) – Previously blocked by the US but could now be enforced based on revenue in each country.
- Localization requirements – Companies would be forced to store data locally and pay higher taxes to operate in the market.
- Licensing fees per user – Like TV licenses, where platforms pay per active user or per ad view.
- Fees on data collection – A tax based on the volume of user data collected and sold to advertisers, hitting Meta and Google hard.
- Antitrust measures – The EU can tighten competition rules and hit tech giants with even bigger billion-dollar fines.
- Stricter data protection – GDPR can be expanded with even tougher restrictions on data collection and AI training.
- Geoblocking and market access – US tech companies could be required to comply with EU standards, forcing costly adjustments.
- Public funding for European and Canadian services – Investments in local cloud platforms (e.g., OVHCloud) and social media alternatives (e.g., Mastodon).
- Ban on US cloud services in the public sector – Would create a huge market for European alternatives.
Meanwhile, US tech giants are vacuuming up the European market for innovation—funded by American tax dollars! This has to stop! The US needs to quit exploiting European ingenuity just to boost itself. Come up with something on your own for once! (Complaining about China? Ridiculous!)