Digital Business: The United States and Europe compete against China 

The United States and Europe could compete against China if they make an alliance to create a new global framework for how to govern the profitable digital business. The United States and Europe share many common concerns about their competition, China.

The US president could have moved to create an alliance with Europe that could put some pressure on China over current trade grievances, and together make a new global framework for how to govern in profitable markets. digital business.

Understand the relevance of digital business in the economy!

However, the Trump team preferred to pit everyone against each other, applying tariffs equally to enemies and allies, resulting in the creation of the tripolar world we know today. In it, the United States, China and Europe are moving in different digital directions. 

Europe and the United States are also fighting over how to define taxes on the profits companies make from consumer data.

Europe wants a system that targets big tech companies as the world is moving into an economy that is becoming more tangible by the day.

However, the United States argues that there are other multinationals that also collect customer data and that, because of this, they should also pay taxes in the US.

For now there are only two winners in this great transatlantic war. Big tech companies and companies that collect digital data. These form the first group, as they continue to grow, both in power and wealth. The second winner is China, which implements 5g systems around the world faster than the United States.

If Biden wins the presidency, it will be unlikely that he will want to change the dynamics of the decoupling of technologies between the United States and China. The candidate, in recent statements, made it clear that he will want more innovation in the country, as well as shorter and more secure supply chains.

However, Biden stressed that there is a need for cooperation with countries allied to the United States.

Conclusion

It is true that reaching a common point on all issues of the profitable digital business it would be quite difficult. However, this would guarantee that Europe and the United States are better prepared to face their competition, China, in an increasingly fragmented scenario.