"there is a better way to respond to #tariffs. Tit-for-tat tariffs are a 19th-century tactic, & we live in a 21st-century world—a world where the most profitable lines of #business of the most profitable #US companies are all vulnerable to a simple #legal change that will make things cheaper for billions of people, all over the #world, including in the US, at the expense of the companies whose CEOs posed w/ #Trump on the inaugural dais."
- @pluralistic

https://www.wired.com/story/us-trade-dominance-will-begin-to-crack/

#News #Press

"In 2026, countries that want to win the #TradeWar have a unique historical possibility: They could repeal their “anticircumvention” laws, which make it illegal ...to modify devices & services without permission from their manufacturers...

The world’s govts agreed to protect this racket in exchange for tariff-free access to #American markets.👉 Now that the #US has reneged on its side of the bargain, these laws serve no useful purpose"👈
https://www.wired.com/story/us-trade-dominance-will-begin-to-crack/

#Politics #Law #Tech #News #Press

"In 2026, many countries will respond to #tariffs like they were still in the 19th century. But a few countries will have the vision, the boldness, & the political smarts to kick #DonaldTrump right in the dongle...

Retaliatory tariffs ...punish Americans ... indiscriminately, ...inflicting far more pain on soybean farmers than they do on the CEOs of the #tech companies that back #Trump.

Repealing anticircumvention #law is a targeted strike on America’s most profitable companies"

#World #News

@ZhiZhu Agriculture business in the US supports Trump so I'm not bothered if it hurts soybean farmers and it's not my problem [speaking as a European here].

Retaliatory tariffs aren't used to punish Americans; they're used to make the US administration think twice about placing more tariffs on exports from the EU, Canada, etc.

@ZhiZhu While updated anti-circumvention laws are an interesting idea, Europe giving John Deere and other industrial firms an advantage over our local companies by ignoring tariffs would destroy perfectly good EU industries and jobs.

Why should we shoot ourselves in the foot here?

@txtx @ZhiZhu why not both?