The rough argument was: pharma companies need big payoffs when they discover a new drug and, due to structural characteristics of the US market, that's where they can get the highest prices.
So pharmas make a large chunk of their profits in the US and then sell drugs more cheaply in e.g. Europe.
Fairly weak and incomplete argument [1], but I've seen this pushed seriously by people in public debates in the US.
[1] - a couple of obvious issues with this argument are: 1. why is it Europe's fault that the US has structural issues that prevent it from negotiating drug proces as a united front? 2. healthcare costs are largely inflated by admin costs in the US. Drugs can be expensive too, sure, but this argument ignores the big cost intrinsic to the insane insurance and billing system prevalent in the US.
Not to mention the tourists that need to spend a couple of weeks practicing 'walking' in order to survive a European trip...
I really don't envy the diplomats' job at the moment.
The US as the world has known it is gone
https://apnews.com/article/france-us-ambassador-kushner-far-...
https://www.odt.co.nz/news/politics/key-concerned-murkiness-...
https://www.theguardian.com/world/2026/feb/18/belgium-invest...
And of course Joe Popolo in the Netherlands:
https://www.theguardian.com/world/2025/nov/11/displays-black...
(He later doubled down on the decision to erase any mention of the racial segregation black US soldiers were submitted to while serving in the army during WWII.)
To be clear, there are political and career diplomats, and each administration mixes and matches to its taste. (The current one veers strongly towards political appointees. That is to say, folks who raised money.)
This is how most foreign services are run, with maybe the exception of China.
Absolutely not most. What country in Europe has a significant amount of ambassadors that are not career diplomats / government workers ?
In France, Germany, Switzerland you would either need to be a career diplomat/ foreign service worker or in rare cases you would be a career government employee assigned as diplomat to some specific country for some reason (i.e you were trade minister and become ambassador to your biggest trading partner).
The most "political" appointee ambassador in Europe I can think of is Mandelson but he is (as we found out) supremely connected to US power networks and he is still a lifetime politician/ government employee.
On the one side you have some diplomats who really are quite capable career foreign policy wonks, appointed in a manner which appears to be meritocratic.
On the other side you have folks appointed, like you mention, as a kind of patronage.
Traditionally, it has been that the softer counterparties (Friendly countries, European allies, small island nations, etc) are staffed with patrons while the more difficult or geopolitically sensitive relationships are manned by professionals, but this is certainly not always true, and one can find many counterexamples.
Asking because from my perception over the past 12 months, US ambassadors got more friendly and cordial with some countries (e.g., Japan[0]/Taiwan/South Korea[1]) and less cordial with others (e.g., certain european countries, like UK, that attempt to [imo unjustly] press american businesses that don’t even have any business presence within their jurisdiction).
0. U.S. Ambassador George Glass participated in remarks emphasizing the “new golden age” of U.S.-Japan relations, underlining partnership. (https://jp.usembassy.gov/ambassador-glass-remarks-at-yomiuri...)
1. The U.S. signed Technology Prosperity Deals with both Japan and South Korea in late 2025, advancing shared technology and innovation goals. (https://www.whitehouse.gov/articles/2025/10/the-united-state...)
And the "diplomats" of this administration is a rogues gallery of Epstein associates (e.g. pedophile sex-trafficking garbage) and self-dealing criminals. Just a who's-who of garbage.
They are sending their absolute worst.
Americans are just blissfully unaware how much their country is being destroyed. It's staggering stuff. Even if you're a super conservative, there should be utter embarrassment and outrage about how incompetent and clownish this parade of imbeciles is.
I think it's simpler than that: they think the world is a zero-sum game, so why bother being anything but utterly confrontational at every turn?
Of course, that's a childish way to view the world, but we're a childish people.
Just replace Mexico with America. There must be some Freudian issue going on with Trump here.
It won't. But going digitally sovereign will cost Europe tens of billions of euros. If there is a friendly race on the other side of the Atlantic, that will not mean the memories go away. But the urgency of the initiative is certainly sapped.
At least the money will keep flowing into our own economy, it will hurt but in the longer term it can only be beneficial.
That will be spent in Europe, improving the economy of member states.
Certainly much better than just sending that money to the US.
Trump is just the result of this, and it isn't going to stop when he kicks it. It'll be the next populist nonsense. The world needs to move on from America.
American diplomats have been doing Trump's dirty work for a some time.
I am more concerned about US interference in elections and campaigning for the far right than lobbying for data at the moment.
Right, so that the USA would cut us from DTCC?
Eu finance sector is MUCH more dependent on access to US markets than the other way around.
The problem is that the core technology that makes ASML's tech valuable is the EUV light source which is entirely designed, developed, and manufactured by Cymer in California, which is a US company that ASML acquired in 2013. That acquisition was permitted only under strict technology sharing and export-control agreements.
I have no doubt that this administration would forcefully "take back" Cymer if the EU tried to restrict access to ASML lithography machines. They would force a sale back to US ownership, TikTok-style.
The real problem with this theory is that EUV isn't a product with a capturable bottleneck. It's more like a standing wave of institutional knowledge distributed across organizations that have been co-developing at picometer tolerances for 30 years. TRUMPF's leadership described the arrangement as a "virtually merged company" with open books across all three firms. That kind of integration knowledge doesn't transfer via acquisition. China has been throwing enormous resources at this with access to published research and former ASML engineers, and their prototype still isn’t expected to produce working chips until 2028-2030. Saying the US could grab Cymer and start producing EUV machines is like seizing a transmission plant and calling yourself a car manufacturer.
It's a bargaining chip that this administration will undoubtedly use to make sure that US access to ASML lithography machines remains undisturbed.
Similar to TRUMPF lasers and Zeiss optics, other companies from US and Japan like Coherent and Canon could have a crack at replicating the laser and mirrors given enough IP and resources if the US really wanted to decouple from ASML, since they're still man made objects, not magic things given by gods.
US is the richest country in the world and the second biggest manufacturer after China. Do you think the country that built the SR-72 and other sci-fi shit wouldn't be able to make a EUV lithography machine in house if they were to treat it like a Manhattan project instead of a side hustle?
There is a bit of M.A.D. scenario: a bunch of components in ASML machines (like EUV light generation?) come from US companies. Also, the two main chip CAD software vendors (duopoly) are in the US.
As a bonus, it would nuke the markets, causing the US administration to backpedal on whatever. (Obviously I'd prefer not to nuke the markets, but something needs to happen to push back against the US).
This would only happen in a world where the US has entirely abandoned Ukraine though (i.e. no intelligence sharing).
Trump's grip on the US oligarchy isn't even 1% as tight as Putin's on Russia's, who has everything completely under his thumb. If the US oligarchy conspires to depose Trump, he's gone next week. That they're all sucking up to him doesn't refute that at all, that's just the optimal move until it isn't. All these people do is take the optimal move for their own net worth at the current point in time.
I'm sure this would be better received if I took an LLM and had it rewrite this in a less conversational and higher-brow way, but it's no longer the time for that.
The rich and ultra rich don't need liquidity, they have our 401k plans for that.
I don't know if it's due to "decoupling" but there has been some selling recently.
yet
In the long term this is an issue. But I'm not sure the US stock market actually cares that much about what the world will look like in 4 or 8 years.
The US government is pumping the stock market with debt - as long as nobody starts dumping bonds or currency this is an action that will make number go up.
They reality is the average person is between a rock and a hard place.
Also, a lot of crap in Western countries is caused by tech broligarchs enriching themselves in favor of workers en destroying democracy for tech feudalism. So if we can bring down their sales Tesla-style, I'm all in for it.
Not true. The reason my Col is off the charts, salary low and housing unaffordable is due to EU central bank printing too much money leaving us holding the bags, government's zoning laws making housing expensive and them importing millions of immigrants despite record unemployment numbers to put downward pressure on wages and upward pressure on housing. None of this is done by US tech bros, it's all done by EU rulers and elites.
US tech bros is an orthogonal issue that distracts from the core issues.
I don't trust the small number of E2E US services at all. E.g., some of the companies that were/are in PRISM seem to have very convenient 'accidental' backdoors. E.g. WhatsApp doing backups on Google Drive without encryption by default on Android or Apple doing iCloud backups of iMessage that are not E2E encrypted unless you enable ADP. And even if you are wise enough to enable E2E in both cases, most people that you communicate with don't, because they use the defaults, so it's game over anyway.
What tech companies? At the end of the day, it's all about capital and IP.
American domiciled VCs and companies can outinvest just about any other competitor, and much of the core IP for vast swathes of critical next-gen technologies (high NA EUV, Foundation Models, Quantum Computing) is in the US, but American companies are fine transferring technology abroad (often with American government backing [3][4])
China has a similar ecosystem but prefers to invest domestically and for IP to remain within China.
Meanwhile Japan, Taiwan, and Korea continue to back the US no matter what due to tensions with China and North Korea along with existing fixed asset investments in the US.
When companies like Amazon, Alphabet, Microsoft, and others are able to invest tens of billions of dollars in India [0], Poland [1], Israel [2], Portugal [5], Ireland [6], and others it makes them more open to collaborate with American capital and IP instead of dealing with alternatives who cannot deploy similar amounts of capital and transfer IP.
[0] - https://www.bloomberg.com/news/articles/2025-12-11/india-dra...
[1] - https://www.gov.pl/web/primeminister/google-invests-billions...
[2] - https://www.calcalistech.com/ctechnews/article/sjcwdmxxzg
[3] - https://www.state.gov/pax-silica
[4] - https://www.state.gov/releases/office-of-the-spokesperson/20...
[5] - https://www.bloomberg.com/news/articles/2025-11-11/microsoft...
[6] - https://www.irishtimes.com/business/2025/11/27/microsoft-has...
Because every investor in the world put their money in the US. They knew the best companies and people would centralize around that hub.
When the US is a rogue, isolated idiocracy -- already true, but the world takes time to adapt to this new reality -- how much of that money do you think will flow to the US?
American public pension funds alone hold $6 Trillion in AUM [0] and American endowment funds hold a little under $1 Trillion in AUM [1], and tend to be the LPs for most VC funds as most institutional investors follow the Yale Investment Model.
[0] - https://www.census.gov/newsroom/press-releases/2025/2024-ann...
Neither of your citations has any relevance to this at all. That endowments and pensions funds have money...what is your point? Ah, the old HN "look I've provided citations so upvote me, even if they don't support my contention".
Canadians alone hold almost $4 trillion dollars in US securities. Because the US was the centre of the capital universe. Just like we saw it as the centre of the media and music universe. Americans mistook the free world basically anointing the US into some confused notion that it was actually some earned accomplishment.
When we in the VC/PE space raise a fund, we are investing other people's money. Most of that money is of American origin and American domiciled.
You do see some large players like in Canada and Europe, but even they are not similar in size to American pension funds and endowments, let alone other American institutional investors.
Edit: Can't reply
> these will often end up being national level and will look individually much smaller than the ones from the US, purely because the US has more people.
Absolutely! And that's what makes it so difficult for Europe to decouple from the US or China.
Most attempts at EU federalization are undermined by national level politicans as the keys to hard power (defense, foreign policy, FDI attraction) remain under the purview of individual European states, becuase push comes to shove, an American employer or fund can threaten to leave and that country's entire political apparatus will work to appease us at the expense of Brussels.
This is how Meta and Amazon have been able to neuter the GDPR thanks to Ireland [0] and Luxembourg [1] respectively.
[0] - https://www.euractiv.com/news/irish-privacy-regulator-picks-...
[1] - https://www.aboutamazon.eu/news/policy/amazon-leaders-meet-l...
Look, I haven't dug into this, but if one wants a fair comparison, then you need to account for the size of an economy. If 330mn people need pensions, then you'll obviously see much larger pension funds. If 400mn people across 27 countries want pensions, these will often end up being national level and will look individually much smaller than the ones from the US, purely because the US has more people.
This reads like wishful thinking from a butthurt European. I am not a fan of many of Trump's policies and I think ex-US investor sentiment has definitely soured. But it's not like the USA is now DPRK.
> how much of that money do you think will flow to the US?
If there's one thing you can be sure of about aggregate investor behavior, it's that investors seek good risk-adjusted returns regardless of any moral or political objections.
So long as capital flows remain unimpeded, property rights are respected, and US companies have good expected future returns, investors' money will continue to flow in to the US.
Except that's exactly how the average democrat voter or European who consumes democrat media sees the US.
>If there's one thing you can be sure of about aggregate investor behavior, it's that investors seek good risk-adjusted returns regardless of any moral or political objections.
This. Companies like Nvidia, Google et-al and investors, don't care about and won't leave the US over morals, they'll go and stay where the money is good as long as it lasts. Trying to lecture them about morals from the EU won't change this. Otherwise they wouldn't be using slave labor in Congo and sweatshop labor in China.
Nobody will leave over morals (well except possibly the Norweigan sovereign wealth fund), but it's worth noting that for non-dollar investors, the US markets have basically been flat since the start of 2025, because the dollar has declined.
It's entirely possible that the US no longer takes in more global capital, if this continues. It's very unlikely that all the foreign investors will leave quicker, but it's much more likely that they'll leave as they sell their investments over time.
(Most of them are reinvesting in Europe.)
I saw the news about the danish fund dropping some of their US investment and on closer inspection, in absolute terms it was a drop in the bucket. Mostly an optics maneuvre.
Sees me? I'm European, and am speaking to how I see other Europeans see the US, which comes from the local media which is heavily anti-US as it twists and omits facts to maintain a constant anti-Trump narrative no matter the facts since people lap it up without doing any due diligence or research online.
Remember the BBC famously clipped Trump's speech to make it seem like he said something he didn't actually say on Jan 6.
Talk about using double standards.
I'd say the perception is probably worse
kim is simply not a threat
he also hasn't threatened to invade us, and he's not kidnapped any foreign leaders (recently)
Thank you.
It's not just about capital and IP. It's now about a halo of related things, like everyone using US payment networks - if the US unbanks you, even banks in your own country can't do business with you[1]. Or everyone using a US-based messaging platform (WhatsApp) because its been subsidised by a BigTech to cost $0, whereas text messages are still not free...
[1]: https://english.elpais.com/international/2025-12-28/the-comp...
it's a critical industry, so can be regulated to prevent foreign interference
airlines aren't granted freedom of the air unless they're domestically owned
and exactly the same approach can be applied to tech companies
I wish the US had something similar, and that there was more enforcement of disallowing "accept all" buttons without an equivalent "reject all" option. I also recognize that websites don't need the banner if they aren't trying to track me, but lets not pretend there aren't annoying consequences.
Second, the EU is not to blame for cookie banners. Companies doing tracking via cookies are to blame. They always have the option to not have a cookie banner--just don't do the things that require cookie banners. They deliberately choose to do these things, and then people complain about the banners.
Cookie banners are not analogous. It's easy to make a web site that doesn't need cookie banners. It's actually easier to make a site that doesn't need them than to make one that does. Adding in the tracking that requires banner takes effort. But companies prefer to put in that effort and annoy their users so they can have that tracking. That's 100% on them, not on the government.
Yeah, just like it's the EU's fault sometimes that the police cuts of roads when a drunk driver collides with another car, it can impossibly be the fault of the driver themselves.
Maybe try to point the blame in the direction of the ones that are A) showing you the banners in the first place and B) refuses to remove them and instead decide to inconvenience you
You know, like we do with every other single thing.
Besides, GDPR has nothing to do with those cookie banners, you're yet another example of people not understanding how any of these things work, yet find it valuable somehow to point blame in some direction, even if they don't understand the fundamental reasons things are the way they are.
I'm sure you also think EU is the same as Europe, as that tends to also be a common misconception among the people who don't understand the cookies banners or GDPR.
And I recognize that there is a non-trivial cost to knowing if you need the banner or not, and people are likely to ask their web designer/dev "Hey, where's the cookie banner?" and then pay for the subsequent cost of implementing that because it's cheaper than expensive lawyers.
Every company wants to spy on you using cookies and sell you data or target ads. cookies banners are warnings to protect your data from these greedy companies.
This is the most low-rent complaint imaginable and it boggles my mind how I keep seeing it made straight-faced. One time I literally timed how long it took me to dismiss a EU cookie banner, it was about 350ms and only needs to be done once per site. All this outrage is over 350ms and I cannot take it seriously.
Please don't stop us having access to your information, else we will destroy you with the information we already hold :-)
I do not necessarily disagree, but playing devil's advocate here...
Who else would you trust with your data besides the US?
China...where you cannot criticize the CCP?
Europe...where they throw people in jail for social media posts? What do you think when they find out peoples' private convos?
Canada...where the gov is basically the same as Europe?
Or the US where even the mainstream media can challenge the president?
Give me the US any day.
When did this happen?
https://www.ibtimes.co.uk/uk-court-jails-man-racist-tweets-s...
https://www.dw.com/en/germany-greens-habeck-presses-charges-...
https://reclaimthenet.org/germany-online-speech-raids-politi...
I'm sure you can find more; those were just the lowest hanging fruit in 2 minutes of searching.
Germany – Friedrich Merz "Pinocchio" case (2025–2026): A pensioner faced criminal investigation (potential fine or jail under Section 188) for a Facebook post calling Chancellor Friedrich Merz "Pinocchio," prosecuted as an insult likely to impair a politician's public duties. https://www.facebook.com/60minutes/posts/dozens-of-police-te...
Germany – Ricarda Lang insult investigation (2024–2025): A citizen was investigated (potential fine/jail) for an online post calling politician Ricarda Lang "fat," charged as criminal insult under Section 185 protecting officials from derogatory remarks. https://nypost.com/2025/02/21/world-news/germans-cant-insult...
There are UK examples too
Robert Habeck was NOT arrested, he and his friends were investigated in the broader case of neo-nazi propaganda which they were spreading as well. Unless you consider neo-nazi freedom of speech, of course.
The Pinocchio case meant exactly one official letter sent to that guy, lol "arrests". The investigation was dropped and everybody criticized the investigation.
Ricarda Lang case was a request to the well-known network Gab to identify who insulted the politician, because in Germany insults are a crime. Maybe in the US insulting is a popular free speech pastime, but this is not US. Gab refused to identify the person and that was that.
So, again, I can see when we are spreading lies to support some ideology, but they are just that: lies.
Can you name the last time this actually had an effect on a Republican-leaning president?
As a Canadian, I can't think of anyone getting arrested for comments they made online, unless they are truly hate/violence/threats which would get anyone arrested in similar countries such as the US.
Just this week there was a white nationalist group protesting in Hamilton, and no one was arrested.
Europe is also not a country, it is a continent with many countries having different laws surrounding free speech.
The same US that was banning reporters from the press secretary's office (this isn't even new to Trump, Clinton also tried to pull the same shit back in the day)? The one where people were denied their entry visas because of memes of JD Vance? Where the white house has an official list of "Media Offenders"[0]?
Also we can't really ignore the US actively turning extremely hostile and talking about annexing territory belonging to its ex-allies when discussing things like this. That by itself makes the case pretty obvious for anyone, because why would you do business with a nation led by a sub-zero IQ petulant dementia patient that actively threatens annexation?
> Europe...where they throw people in jail for social media posts?
People in some EU Countries (Because "Europe" is a continent that encompasses many different countries with different laws and regulations, including EU and non-EU ones with very different laws and regulations. Denmark and Hungary could not be further from one another in pretty much every regard, for example) have been arrested for posts on social media, but who has actually been jailed for this? Where does this claim even come from, is it just a weird hope from USA-ians so they can portray "Europe" as some sort of free speech hell where you can't say anything without big brother knocking on the door?
To be abundantly clear I don't support people even getting arrested for the dumb shit they say online, but no one's going to prison because of this (that I'm aware of anyway).
Here in the Netherlands, the favorite pass time of most people was shitting on Rutte when he was PM, not to mention Geert and the absolute clown show that his cabinet was. The King and royal family in general gets shit all the time from every side of the political spectrum. Nobody has even been arrested here (as far as I know anyways, could be wrong) for that kind of speech. Notice how I'm not quivering in fear of talking shit about my government?
If I could find a reputable construction company to build my underground home I would be a true troglodyte.
THEN the LLC hires the subcontractors in stages without them knowing about each other.
Youd take about 5 years, but itd be about as secure as you could be if you lost trust in soceity.
But no, our cooperate oligarch overlords just can't keep their hands out of the piggy bank.
In an ironic twist of fate, the US government's actions could end up causing long-term damage to US tech companies.
This is all based on anecdotal evidence, so I could be wrong, but I have to call it like I see it.
[0] - https://stratechery.com/2020/india-jio-and-the-four-internet...
Oh. So, like, going from school bully to abusive parent?
For any government in Europe, it should be extremely pressing to untangle itself as quickly as possible from US-based companies as suppliers.
But to be frank, even regulations should be unnecessary here. Private businesses in Europe (and elsewhere) should consider it an existential threat to depend on cloud services from the US. We are all one executive order away from having access cut.
They do already, everyone except the ones truly deep into the US ecosystem already have plans or are making plans for how to get out from US infrastructure in 2026.
It doesn't matter if the decision is illegal. The time it would take to have it "fixed" could cause already immeasurable damage.
The title should be "US orders diplomats to fight _EU_ data sovereignty initiatives".
Why? Because the US is far too pussy to fight the other countries that have such initiatives - some of them reaching further than the EU's - knowing that unlike the EU those countries are definitely not going to take their shit.
I can tell you that if the US says to Japan or Korea, just to name two such examples, "stop enacting privacy/sovereignty laws that interfere with US big tech or we tariff you" , there's absolutely zero chance they're going to be listened to and the only thing it will do is make people hate the US.
What could go wrong?
All these efforts will come to nothing.
Amazon sovereign cloud https://aws.eu/fr/ Azure sovereign https://www.microsoft.com/fr-fr/sovereignty Oracle soverign https://www.oracle.com/fr/cloud/eu-sovereign-cloud/ IBM https://www.ibm.com/think/topics/sovereign-cloud ...
the damage is done. trump fanning the flames and then using ham fisted threats that frankly carry no weight now... are just making it worse.
the money's already been allocated. the results are inevitable.
Such fine bullshit, of the highest quality.
Distributing infrastructure may slightly reduce efficiency but seems like a good idea for so many reasons: national pride, increased security, more resilience to outside influences, etc.
It's also probably just good business for the US, but locking down on citizen freedom is the only real reason I've seen countries do it.
Looking forward to changing my bank card to a EU alternative when its available.
I don't feel like I have major usage issues, but maybe once I have decoupled from the big players, it will be clearer what I had gotten used to, for which there was another way to approach.
The biggest pain points will probably be YouTube, Claude, Gemini and Google docs. The main issues will probably stem from collaborating with others, rather than my own personal usage.
This is really some sort of diplomatic Streisand effect. If the US would not have been so aggressive and just string us along they could have continued to feed us their slop indefinitely without us noticing.
Even for US tech folks like HN, I doubt it would help us. US companies hoard their profits and power, so most people here would see no benefit. It’s yet another move to protect rich corporations and the corporate cronies of the most corrupt administration in US history.
That said: “benefits US companies” != good public policy for the US as a whole. It’s explicitly trying to interfere in how other countries govern themselves for the benefit of shareholders, not because it’s necessarily good policy.
It’s also something we wouldn’t necessarily appreciate if done to us by our allies. If we have any actual allies left given all of Trump’s tariffs and threats against other countries.
I think it's the assumptions that are baked in with the Trump regime. No subtlety, no mutual benefit, do as we say or else.
Is it just the government that feels this way, or do the general population of the US feel like everyone else on the planet is an enemy?
Banning US tech companies without creating (really) fertile grounds for business is just going to be shooting yourself in the foot. A replacement Google won't grow on a farm only fed worker/consumer fertilizer.
It's almost diabolical that the only way Europe can get rid of the US, is to be more like the US.
It might not seem like it for the HN crowd, who mostly make a living stringing web libraries together.
jmclnx•1h ago
This would not be happening if it was not for the US dummy in chief. The EU was looking to do this for a while, but where taking its time until recent events.
blibble•1h ago
the US was really, really foolish to crystalise the risk by locking out those judges
prior to that it was just a theoretical people were yelling about
now it's real, and there's a continent of hungry businesses lobbying for resources to be diverted domestically, instead of being sent to the US
and that's the EU's bread and butter
joe_mamba•1h ago
Do you think the Trump admin thinks about the consequences of their decisions for more than 5 minutes into the future?
They're all about making a quick buck via scams, insider trading and rug pulls, future consequences be damned. Sometimes they make a good call when they listen to what their corporate lobbyists say.
Beretta_Vexee•34m ago
They will not be coming back soon.