US lawmakers warn Joe Biden to probe EU targeting of tech firms
Joe Biden, warning that European technology regulations are unfairly targeting US companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday.
Under the European Union's Digital Markets Act (DMA), five major US tech companies — Alphabet, Amazon, Apple, Meta and Microsoft — were designated «gatekeeper» service providers. From March 2024, these companies — as well as TikTok's Chinese owner ByteDance — will be required to make their messaging apps work with rivals and let users choose which ones they want pre-installed on their devices.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisitIn the letter, 21 members of the US House of Representatives warned the new rules could damage American economic and security interests and called on Biden to secure commitments from the EU the rules will be enforced fairly.
«Securing our leadership in this sector is imperative for our economy and American workers,» the letter said. «The designation of leading U.S. companies as 'gatekeepers' threatens to upend the U.S. economy, diminish our global leadership in the digital sphere, and jeopardize the security of consumers.»
The European Commission and the White House did not immediately respond to requests for comment. Europe is seen by some experts as the global leader in tech regulation. The bloc's DMA and the DSA (Digital Services Act) are attempts at tailoring laws to target the Big Tech companies.
The letter questioned why Chinese companies
