Europe Isn’t Immune from U.S.-China Trade Tensions
Tech companies could suffer collateral damage.
Hey all, it’s Natalia in Brussels. As tensions mount between Washington and Beijing, companies in Europe increasingly risk becoming collateral damage in the crossfire of new rules and restrictions not necessarily designed for them.
The Chinese government late last week imposed tighter restrictions on artificial intelligence exports, a move that gives it the power to block a sale of ByteDance Ltd.’s TikTok app to American firms like Microsoft Corp. or Oracle Corp.