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The New China-US Détente Based on Reciprocity and US Mega Tech
President Trump just this evening ordered that US firms stop doing business with TikTok and WeChat in 45 days.
This is not a surprising development. As Macro ESG has been writing this week, US mega tech (as there really isn’t a comparable entity in the EU or developed Asia) are going to become the interlocutor and guarantor of Chinese tech and media operating outside of China, particularly with respect to users’ privacy and data.
Moreover, this fits with the earlier piece on reciprocity becoming the standard and the hitch here is really with China – China will never open up its domestic market to foreign technology companies, let alone American, because the Chinese Communist Party can’t retain power without overwhelming 1984 Orwellian social control. www.macroesg.com #macroesg
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By Macro ESGPresident Trump just this evening ordered that US firms stop doing business with TikTok and WeChat in 45 days.
This is not a surprising development. As Macro ESG has been writing this week, US mega tech (as there really isn’t a comparable entity in the EU or developed Asia) are going to become the interlocutor and guarantor of Chinese tech and media operating outside of China, particularly with respect to users’ privacy and data.
Moreover, this fits with the earlier piece on reciprocity becoming the standard and the hitch here is really with China – China will never open up its domestic market to foreign technology companies, let alone American, because the Chinese Communist Party can’t retain power without overwhelming 1984 Orwellian social control. www.macroesg.com #macroesg
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Send in a voice message: https://anchor.fm/macro-esg/message