Comment by munjak
7 days ago
>Another thing is that for years USA was in a sense donating European industry,
Sure and Europe is not at all donating to US arms industry or to US tech sector? Europe is pretty liberal about letting US dominate those domains inside the EU, without opposing that. Plus in geopolitics it simply follows the US, that's sort of been the deal.
Seems like this US leadership thinks it can both have its cake and eat it.
Tech giants have no competition in Europe and no capital to do so. In some ways, what Trump is doing is a call to arms for the EU to kick their economies into shape. We've been stuck in 0 growth for years, the UK is in a 0 growth trap since the GFC.