TOTM
US Trade Retaliation May Be the Consequence for Imitating the EU’s Digital Rulebook
Truth on the Market
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In a tense meeting room last month in Brussels, U.S. trade negotiators leaned forward and delivered a pointed warning to their European counterparts: “Europe’s digital rules? They’re on the table—if the EU digs in, your exports face consequences.”
South Korea now stands on the same precipice. By moving forward with the proposed Online Platform Monopoly Act (OPMA) and reforms to the Monopoly Regulation and Fair Trade Act (MRFTA)—both modeled on the EU’s Digital Markets Act—Seoul risks not only hamstringing its digital ecosystem, but also drawing the ire of a U.S. administration determined to shield its tech champions.