I hope I don't have to repeat this again. I am not or have I said I favor what these companies do.
What I'm saying is it is just a piss poor excuse to get cash that the EU has proven over and over that they themselves could never make.
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I will stick with our COC on this. It's time we found a way to punish them and shut off the EWS. (European welfare system). Bending over is not my idea of a solution. To them or any business that is truly breaking the law.
A new report shows that only by adopting a more balanced approach to fines can the EU restore trust, encourage investment, and ease bilateral tensions.
www.uschamber.com
"The new U.S. Chamber report,
Arbitrary & Abusive: The Discriminatory Impact of European Fines on American Companies, shows that only by adopting a more balanced approach to fines can the EU restore trust, encourage investment, and ease bilateral tensions. Europe needs to conduct a comprehensive review of and entirely overhaul its fining practices to ensure they are used selectively, calculated transparently,
and linked to actual harm. Removing global turnover as a basis for fines would be a big step toward restoring credibility to EU enforcement actions."
In the report is this -
Copyright © 2025 by the United States Chamber of Commerce. All rights reserved.
No part of this publication may be reproduced or transmitted in any form—print,
electronic, or otherwise—without the express written permission of the publisher.
If the report is legit, why include this? One would think that they would want the word out no matter what, but they are against anyone except them distributing the report? To me, it doesn't jive that the report is above board. It sort of reminds me of a report done many years ago that said a gas-guzzling Hummer was more green over its lifetime than a Prius that was so full of holes it looked like Swiss cheese, and people came to the conclusion that the report was produced by a PR firm paid to produce an anti-Prius report.
IMO, any report needs to be viewed through a strong lens with an eye for BS. I don't know what you've experienced in your dealings with foreign countries, but the COC has an interest in producing a report like this. It makes the COC look like they are doing something to "protect" American companies, and perhaps, secures their financial future.
I think it interesting that in the introduction,they cite Trump and him P&Ming about the EU suing the richest and most offensive, IMO, US companies. It echos him, IMO, saying that all you countries can go F yourselves and if you get into trouble with Russia attacking your borders, you're on your own. That kind of language can, and likely will, IMO, backfire as any smart country will find business opportunities elsewhere. In fact, countries are already signing agreements with China because of the BS US Tariffs -
https://www.reuters.com/world/asia-...supply-chains-railway-cooperation-2025-04-14/
That said, if I did not know you better, I'd think that you are a Trumper suffering from Trump Disciple Syndrome. Blah, blah, blah, the EU this and the EU that, the EU needs to toe their own weight. I'm sure there are at least some EU citizens that don't agree with the laws of the EU, and maybe even the GDPR. Maybe they also think the EU's laws are overly broad. However, I'm sure that if one looks, one can find overly-broad US laws, too. And the US isn't known for laws that reign in companies that are abusive like Google or Apple. For instance, the US has yet to make it law that companies like Google or Apple have to have the explicit permission for them to distribute even anonymized data that they collect on literally everyone.
But unless the EU has language in their laws that specifically target US, or any country's companies, IMO, its a stretch to say that the EU is abusing US firms. In your dealings with the EU, did you ever encounter laws that specifically stated something along the lines of "American companies or foreign companies" blah blah blah?
Honestly, I think its too late to turn the world back from globalism, and, IMO, there is far more to be gained from guarded cooperation than there is from pulling out and embracing nationalistic tendencies.
Cheers, brother!