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Spoiler alert: EU can fine and (if needed) seize assets of companies based outside of the EU.
by trention 4y ago
Spoiler alert: EU can fine and (if needed) seize assets of companies based outside of the EU.
- ronsor 4y agoOnly if those companies have EU assets* Even still, if the EU chooses to regress, I can imagine a lot of non-EU-based companies—especially smaller ones—just choosing not to deal with them anymore
- trention 4y agoEU can pretty much unilaterally cut access to the financial system of said companies, demonstrated this year to a number of russian entities. Meanwhile, given what Xi has done in the last couple of years, I would not be surprised if China moves against the model makers first.