EU Digital Competition Officer Margaret Vestager has rejected the idea that her upcoming Digital Markets Act (DMA) will target only US tech companies.
He spoke after that The White House warned Brussels that the tone of its leading new technology policy sends a negative message; suggests that the EU “is not interested in cooperating in good faith with the United States” on the challenges facing major technology platforms.
In an interview with the Financial Times, Vestager, who met with President Biden during a visit to Brussels this week, said: [DMA] It is not aimed at a certain business or a certain nationality of business.
DMA outlines new rules for platforms that are considered to be quite “gatekeepers”.
“What we were developing, trying to figure out who should be in the area, who should be a potential goalkeeper, is about market effects,” said Vestager.
He said the bill, which will now be debated by the European Parliament, focuses on the “market impact” of Big Tech’s dominance over larger competitors.
He suggested that the criteria set by the EU would help to attract more attention than just the largest Silicon Valley companies – Google, Amazon, Facebook, Apple and Microsoft. “We have made this offer on a wider scale, for good reasons, because of the market impact,” he said.
Vestager’s comment will be seen as a way for Brussels to try to ease tensions between the EU and the US at a time when both sides want to rebuild transatlantic relations after four tumultuous years under Donald Trump.
But last month, German MEP Andreas Schwab, who will help guide DMA legislation through the European Parliament, said US technology companies were “the biggest problem”.
“Let us first focus on the biggest problems, the biggest traffic jams. Let’s go down the line. One, two, three, four, five, maybe six [China’s] “Alibaba,” he said.
The US administration has come under pressure to crack down on EU plans to regulate Big Tech. The Co-Chairs of the Digital Trade Group in the United States recently warned of EU legislation that could “disproportionate damage American technology companies. “
However, despite the rhetoric accusing the EU of unfairly targeting American companies, the US government has appointed harsh critics of Big Tech to power positions. Just last week, Lina Khan, an advocate for the division of US companies, was appointed chairman of the Federal Trade Commission.
Separately, the US House of Representatives has introduced five bills, some of which are even stricter than the Brussels bill. Observers note that both the US and the EU are facing similar companies, which have become “too big to care for»