Tit for Tat, EU. We can do that too!
This kind of idiocy and willy waving will only result in international trade wars and Nationalist Chaebols. Let's nationalize the operations and assets of all foreign companies doing business in the US. National Grid and BP come to mind.
How would the EU like it if the US and every other country in the the world were to implement similar laws? There would be no reason to trrade with your neighbors and world economies would crash.
Oh, you can't make a comptetitive product? Then lobby the government to have the competitors removed retroacitvely. Grow up and stop relying on "Mama" to fight your battles for you.
Just because some company does business in another country does not mean that their entire corporate structure and national sovreignity is exposed to the laws of that country.
Biting the hand that feeds IT
