2018-11-19 09:38:00 Mon ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
The Trump administration mulls over antitrust actions against Amazon, Facebook, and Google. President Trump indicates that the $5 billion fine against Google from the European Union makes him consider pursuing fresh rules and regulations on Amazon, Facebook, and Google.
There is a pervasive concern that these tech titans monopolize specific niches with both exorbitant market power and dominance. Amazon dominates in e-commerce and cloud service with substantial clout; Facebook specializes in social media with more than 2 billion active users; and Google monopolizes online search with 90%+ U.S. Internet search traffic. The tech titans seek to make productive use of artificial intelligence to expand into the adjacent markets for autonomous vehicles, smart home appliances, and many other mobile devices. For these relevant reasons, the Trump administration considers antitrust actions against these tech giants.
The Trump administration may impose one-off penalties on Amazon, Facebook, and Google etc for specific antitrust situations. However, President Trump has no comment on breaking up the tech titans. The prior Microsoft case can offer insights into this similar antitrust dilemma, and the Trump administration may further draw lessons from the rules and regulations on banks and pharmaceutical firms.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2025-08-02 13:31:00 Saturday ET
Chip Espinoza, Mick Ukleja, and Craig Rusch shine fresh light on the core competences for managing millennials as part of the new modern workforce in recent
2018-03-25 08:39:00 Sunday ET
President Trump imposes punitive tariffs on $60 billion Chinese imports in a brand-new trade war as China hits back with retaliatory tariffs on $3 billion U
2019-04-17 11:34:00 Wednesday ET
Amazon CEO Jeff Bezos admits the fact that antitrust scrutiny remains a primary imminent threat to his e-commerce business empire. In his annual letter to A
2019-03-29 12:28:00 Friday ET
Federal Reserve Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook and interest rate cycle. Powell views the c
2024-05-05 10:31:00 Sunday ET
Stock Synopsis: Pharmaceutical post-pandemic patent development cycle In terms of stock market valuation, the major pharmaceutical sector remains at its
2017-03-15 08:46:00 Wednesday ET
The heuristic rule of *accumulative advantage* suggests that a small fraction of the population enjoys a large proportion of both capital and wealth creatio