The outcome of next week’s US election will have significant implications for Europe. NATO funding and the potential peace deal between Russia and Ukraine are at stake, while projections suggest a trade war with Donald Trump could negatively impact Germany’s GDP. However, the future of big tech is also a major concern, as President Joe Biden’s administration has taken a tough stance on companies like Meta, Microsoft, and Nvidia. The EU has found an ally in its efforts to regulate big tech, as the US under Biden has also pursued similar measures. This alignment is important for the EU, as it has long been concerned about the dominance of American tech giants and its impact on competition and consumers. However, the politics surrounding big tech in this election are complicated, with Silicon Valley titans split between Democrats and Republicans. It remains to be seen how a potential Biden-Harris administration would approach regulating big tech, but their stance will have a significant impact on the EU’s efforts to rein in these companies.
