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Tariff! (aussie.zone)
submitted 2 years ago by Eyekaytee@aussie.zone to c/yurop@lemm.ee
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[-] jlh@lemmy.jlh.name 278 points 2 years ago* (last edited 2 years ago)

This seems to be referencing Regulation (EU) 654/2014, an EU law which allows the EU to unilaterally enact countermeasures against countries that break the WTO's rules.

The countermeasures listed in article 5 are:

  • Imposing tarriffs and customs duties
  • Trade restrictions/quotas
  • Cancelling contracts between the EU and the target country
  • Cancelling the target country's intellectual property rights (e.g. patents/copyrights)
  • Banning public procurement from the target country
  • Implementing price penalties for public procurement from the target country

The law was amended in Regulation (EU) 2021/167 in response to the Trump (and now Biden) administrations blocking the appointment of judges to the WTO and using a loophole to kill the WTO's enforcement mechanism.

More context from the EU parliament:
https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/652021/EPRS_BRI(2020)652021_EN.pdf

The fact that the EU can just suspend American patents and copyrights is pretty insane. Could be some huge benefits for European companies and movie pirates.

[-] webghost0101@sopuli.xyz 201 points 2 years ago

❤️“Cancelling the target country's intellectual property rights” ❤️

[-] Hamartiogonic@sopuli.xyz 113 points 2 years ago

If EU did that, it would probably result in equal retaliation. It would mean that all patents and IP would become local. Stealing these things from others continents would become fair game, which would make patents and IP almost completely pointless.

Could we please try that out? Sounds like an interesting scenario.

[-] webghost0101@sopuli.xyz 69 points 2 years ago

Stop, I can only get so erect!

[-] teft@lemmy.world 22 points 2 years ago

Right? That’s not a threat. Lol

[-] Aqarius@lemmy.world 22 points 2 years ago

"Please, God, it would be so fucking funny"

[-] JustAnotherKay@lemmy.world 19 points 2 years ago

Parents and IP would become local

You're telling me we could have more diverse innovation that catered to the needs of individuals if we allowed people to create tools that help them and their neighbors instead of saying "some guy decided a hundred years ago, on the other side of the planet, that this is what this tool looked like. If you call something else by this name we'll sue you and if you call something that looks like this something else we'll sue you for that too"?

[-] einkorn@feddit.org -1 points 2 years ago

No, because someone else will file for the exact same patent locally at the exact moment the law is invoked.

[-] JustAnotherKay@lemmy.world 2 points 2 years ago

Can you imagine how much harder it would be to be a corrupt asshole if instead of screwing over millions unnamed people, you had to go and look all 30 of the relevant people in your life in the face and go "I wanna suck the money out of you by becoming the sole proprietor of this tool"?

[-] einkorn@feddit.org 0 points 2 years ago

The EU represents roughly 450 million people. I can hardly think of a patent that might affect only 30 people, given this number.

Also, psychopaths exist on either side of the Atlantic.

[-] JustAnotherKay@lemmy.world 1 points 2 years ago

That's kind of part of my point. Make it even more local than the EU. Make it local to your town or even smaller

[-] njm1314@lemmy.world 9 points 2 years ago

Literally the best thing that could happen to the world

[-] jlh@lemmy.jlh.name 79 points 2 years ago

The EU about to unleash the pirate parties on the US

[-] Soulg@sh.itjust.works 20 points 2 years ago

Trump really does feel like what you get if you download "strong_president.mp3" off of livewire

[-] MutilationWave@lemmy.world 14 points 2 years ago

strong_president.mp3.exe

[-] knolord@lemmy.zip 58 points 2 years ago

Thanks for context!

I hope that as soon as the US will act more iffy, these countermeasures will kick in, as even the US should know then that they aren't all mighty.

I don't know if you have more info, but are these measures reversible or absolute?

[-] jlh@lemmy.jlh.name 32 points 2 years ago

The regulation text says that the measures are enacted by the European Commission putting out an implementing act. Article 7 says that they may repeal the implementation if the third country resolves the conflict. So it seems that they can only remove the measures if the third country gives up.

[-] barsoap@lemm.ee 24 points 2 years ago* (last edited 2 years ago)

There's also other fun regulations like it being illegal for EU companies to comply with US sanctions on Cuba. If they ever hit a roadblock of any kind they're required to contact the EU commission who will help out in the form of civil servants specialised in sanction busting.

[-] samus12345@lemm.ee 13 points 2 years ago

the EU can just suspend American patents and copyrights

[-] khannie@lemmy.world 8 points 2 years ago* (last edited 2 years ago)

Heads up that last link is broken.

[-] jlh@lemmy.jlh.name 7 points 2 years ago

Ah thank you, fixed now.

[-] Honytawk@lemmy.zip 6 points 2 years ago

This feels like parental punishment and I'm all for it. lol

this post was submitted on 03 Feb 2025
516 points (98.3% liked)

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