South Korea's proposed platform law could cost U.S. states $525B over the next decade, model estimates

[shockedcanadian]

The CIA have been undermined through U.S allies, be it in the U.K, S Korea or New Zealand. China has been making inroads and spreading influence far greater than the Russians did to these same allies.

Japan is critical as they know what China has planned for them. S Korea has been harming their democracy and states such as California and NY seem to have a similar approach to maintain one party rule and using social media to manufacture leaders.

What will this mean for the world moving forward as the Mayor of New York is the long term objective of the global socialists to be president one day. The king of the declining U.K doesn't meet him unless he sees something or is informed of information others are not.

S Korea has a protected corporate oligopoly similar to Canada. It is not good for democracy or capitalism.

Wake up America! If dumb Canadians like me can see where this is headed, what are your brilliant minds in your intel agencies doing?

South Korea's proposed platform law could cost U.S. states $525B over the next decade, model estimates​

South Korea's proposed platform law could cost U.S. states $525B over the next decade, model estimates

A model estimates $525 billion in losses for U.S. states over the next decade if South Korea's trade commission adopts controversial regulations.

www.foxnews.com

A new model shows devastating economic losses for U.S. companies if South Korea adopts controversial legislation that would regulate transactions with some American firms as lawmakers warn that the country’s leadership is now "closely aligned with China."

The Online Platform Fairness Act, which is spearheaded by the Korea Fair Trade Commission (KFTC), has gained steam in in the Asian nation and is backed by far-left South Korean President Lee Jae-myung. A Competere Foundation model estimates a $525 billion loss in economic activity in U.S. states over the next decade, including a $123 billion loss for California, a $48.7 billion loss for Texas, a $33.9 billion loss for New York and a $27.4 billion loss for Washington.

"South Korea is an American ally and an economic success story, which is why its recent and continuing actions restricting American companies — like its 20-year ban on Google Maps — are so troubling," Rep. Darrell Issa, R-Calif., told Fox News Digital. "I remain concerned that its current trade commission resembles the worst of Lina Khan’s FTC, not the free market tradition that has helped to bring Seoul and Washington together."

 

[Rambunctious]

Hey if SK wants to be part of China all they have to do is relinquish all of our chip manufacturers and say so....