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Sure, if it were a clearly communicated retaliation to a specific protectionist act of China. But it's not, and it is relevant to consider the context in which
by ookdatnog 6y ago
Sure, if it were a clearly communicated retaliation to a specific protectionist act of China. But it's not, and it is relevant to consider the context in which this measure happens to understand how this can be perceived.
The current administration has had numerous unproductive scuffles with allies and trading partners to renegotiate trade agreements, after running a presidential campaign on a protectionist platform, promising to return manufacturing jobs to the US.
After these negotiations were largely unsuccessful, close to the next presidential election, the administration abruptly locks in on one of the only globally successful social media companies that isn't US-controlled and insists that it must be purchased by a US-based company in order to continue operations in the US, without even attempting to resolve the issue through regulation. Due to the size of the US market, the company is bound to give in.
Of course, I'm deliberately telling the story in a biased way, but (as someone not from the US) I do feel that the US has been steadily on the way down as a credible defender of the principles of free trade. And this is just one more incident to add to the pile.