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China has already validated it's approach to foreign firms. The US has realized that China isn't going to change it's approach, and is instead emulating it. If
by manfredo 6y ago
China has already validated it's approach to foreign firms. The US has realized that China isn't going to change it's approach, and is instead emulating it. If China won't let foreign firms into their country, then it's only fair that the US doesn't let Chinese firms into the US market.
I doubt this will change the US's status as a safe market (at least for countries other than China). The US and China are geopolitical rivals. The US is making no indication to do the same to Japanese, Korean, or European companies.
The fragmentation of sovereign internet spaces, too, began with China blocking a large number of foreign sites. They even coined the term "internet sovereignty" [1]. It's also being advanced by countries writing legislation that seeks to govern the conduct of foreign sites. E.g. GDPR and the subsequent rise of blocking EU IPs.
1. https://thediplomat.com/2014/06/chinas-sovereign-internet/ https://thediplomat.com/2014/06/chinas-sovereign-internet/
- Barrin92 6y ago>the US is making no indication to do the same to Japanese, Korean, or European companies. The EU is already starting to formulate its own version of internet sovereignty, the recent invalidation of Privacy Shield by the EU is giving an indication of what's to come, as were the threats by the US over the taxation of internet giants in Europe. It's not as loud as the China-US conflict but it's going to happen. I think it's also important that this chilling effect doesn't need to be overt. If the US is willing to emulate China's tactics in reaction to China, there is no guarantee whatsoever, that it will not leverage it against other countries. On trade this was already stated at several points during this administration, directly targeting Europe, Korea, and so on. This is why the US in the past has generally avoided taking overtly partisan stances on the international stage. As soon as the US moves from being the maintainer of global order to national player, everyone will start to make calculations if the US can still be relied upon. For that reason this is a huge win for China in my opinion. By engaging China in a tit-for-tat manner the US makes itself a huge deal smaller than it needs to be.