World News

232 readers

423 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 8 months ago

MODERATORS

[email protected]

141

Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)

submitted 2 months ago by [email protected] to c/[email protected]

43 comments fedilink hide all child comments

Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 2 months ago* (last edited 2 months ago)

China was smart by creating their own versions of all the services the US offers.

The only reason the US is the nation that holds the most purchasing power in the world (20% of global purchasing power) is because it's a net exporter of services and much of the world respects its intellectual property.

The minute people start wiping their asses with US IP, it's game over.

Why can't there be a EU/Canadian/South American etc version of Uber, Netflix, YouTube, App stores, Visa etc? Even if the world moves away from their services just on the basis of principle, it will have an enormous impact.