China expects to outlast US in trade war, alarming Big Tech.

Tech companies’ worst nightmare ahead of Donald Trump’s election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

  • shawn1122@lemm.eeEnglish
    6·
    7 days ago

    China was smart by creating their own versions of all the services the US offers.

    The only reason the US is the nation that holds the most purchasing power in the world (20% of global purchasing power) is because it’s a net exporter of services and much of the world respects its intellectual property.

    The minute people start wiping their asses with US IP, it’s game over.

    Why can’t there be a EU/Canadian/South American etc version of Uber, Netflix, YouTube, App stores, Visa etc? Even if the world moves away from their services just on the basis of principle, it will have an enormous impact.