While the Digital Markets Act is not yet European law, its likely passage could fundamentally alter how American tech firms such as Facebook, Apple, and Google operate on the continent. Unfortunately, the legislation represents clear evidence of Europe’s growing hostility to American tech and a desire to penalize external competition. The real concern is that U.S. lawmakers follow suit and seek to create a more punitive regulatory environment stateside that puts America’s lead in technology at stake and will only serve to harm consumers.

This article was published and is available in the Townhall