Biden Declines to Intervene as EU Antitrust Rules Target Big Tech
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As the EU prepared to implement antitrust regulations targeting Big Tech, US companies and lawmakers protested to the White House, but the Biden administration declined to intervene.
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The EU's Digital Markets Act (DMA) forces changes at major US tech companies like Apple, Google, and Meta to promote competition.
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The Biden administration is divided on supporting Big Tech interests vs. its own antitrust crackdown, so it has avoided taking a strong stance.
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Prioritizing cooperation with the EU on Ukraine, China, and other security issues, the US did not want to damage relations over the DMA.
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While the DMA's impact on US consumers is currently limited, it could inspire other countries to pass similar regulations on US tech giants.