Big Tech Policy

EU policymakers frame their legislative and regulatory actions against U.S. tech companies as measures to promote competition and protect consumers. But they operate as protectionist trade barriers and revenue-generating mechanisms.

Watch now for a discussion with experts on e-commerce regulation, logistics, and policy as they explored the growth of Chinese e-commerce platforms, their impact on U.S. businesses and consumers, and how policymakers and industry leaders should respond.

The magnitude of the total fines against U.S. companies is extraordinary. To put the amount in perspective, it is roughly the same as the GDP of Fiji. It could cover the cost of sending five rovers to explore Mars. It would be enough to build two new football stadiums in Washington, DC. It could even pay for every household in America to buy six dozen eggs.

U.S. trade negotiations must go beyond tariffs to confront the growing trend of foreign governments targeting American tech companies with discriminatory regulations, taxes, and fines. These non-tariff attacks undermine U.S. innovation and global competitiveness and must be a central focus to protect America’s techno-economic leadership.

While U.S. antitrust enforcement is likely to shift under a second Trump administration, ongoing cases against Big Tech are expected to continue. Rather than doubling down on neo-Brandeisian antitrust, the Trump administration should use evidence-based policymaking that recognizes how firms evolve in response to incentives and market dynamics.

Vice President Vance was right to warn against stifling AI innovation with excessive regulation, but the Trump administration must go further by pushing back against policies like the EU’s Digital Markets Act and similar U.S. regulatory efforts that undermine American tech leadership. To maintain global competitiveness, the U.S. should support its leading tech companies, ensuring they have the scale and capital needed to drive AI and technological advancements, rather than subjecting them to restrictive regulations that benefit foreign competitors.

While the DMA may be motivated by Europe’s commitment to its long-held ordoliberal model of competition policy, its disproportionate effects on U.S. firms are intentional.

A growing proliferation of antitrust regulations, content-moderation requirements, data-localization mandates, digital service taxes, exorbitant fines and fees, and local content requirements reveals a clear pattern: They are designed to unfairly burden and extract revenue from American Big Tech.

The DeepSeek breakthrough does not vindicate or discredit antitrust policies but is a wake-up call. Rather than celebrating moves to hobble its tech ecosystem, the United States needs a coherent national strategy that leverages all American innovative capabilities to ensure U.S. AI leadership.

The FTC's surprising decision to partner with Chinese-owned Temu in its antitrust case against Amazon reveals a dangerous misalignment between American antitrust policy and national security interests, highlighting how regulatory overreach could end up strengthening China's tech dominance.