>This new tariff exists solely because the EU can't compete on technology and needs to raise barriers. I'd argue it's a shield against unfair competition. US t

>This new tariff exists solely because the EU can't compete on technology and needs to raise barriers. I'd argue it's a shield against unfair competition. US tech companies have a huge first mover advantage. They use that advantage to attract foreign talent and employ that talent to extract value globally. It seems reasonable to expect a financial contribution for access to foreign markets given the quasi monopolistic quality of US tech firms.