alt Hacker NewsThat would work of we had viable alternatives (on par with the US offers or as an easy migration). But we don’t really, so if the EU also adds tariffs than we’ll have the same issues the US is going to have. Meaning higher prices for the same offer since we’ll have no other choice but to stick with the US IT offer.
Like other comments said, this could work only if this was long term and everybody bites the bullet until they have a good local alternative to foreign offers with high tariffs. And the chances of having a lower offer as the one you were importing are really high. So, everybody is betting on short term.
Higher Prices? What is the "Price" of Instagram and Google Maps? But on the other hand, how would you put tariffs on these?
The good thing is: If the EU finds a way to tax the money flowing from advertisers to big tech, consumers would not be affected (at least not financially), because they are not the ones paying the price.