X, Meta, Google, Apple, Amazon lobby group accuses | Australian Markets

X, Meta, Google, Apple, Amazon lobby group accuses X, Meta, Google, Apple, Amazon lobby group accuses

X, Meta, Google, Apple, Amazon lobby group accuses | Australian Markets


Tech giants are the latest highly effective industry to lobby US President Donald Trump forward of his subsequent spherical of tariffs, calling on him to punish Australia if Canberra doesn’t calm down its social media rules.

The Computer and Communications Industry Association has made a formal submission to the White House’s review of US trade coverage, forward of Mr Trump’s plan to announce reciprocal tariffs by April 2.

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In their submission, the physique – which represents X, Meta, Google, Apple, Amazon, and different huge gamers – complains concerning the “discriminatory” Albanese Government’s News Media Bargaining Incentive, streaming quotas, social media age ban, and proposed AI regulation.

They accused Australia of “coercing” them into sacrificing their income to “subsidise Australian media companies”, of their latest criticism of the inducement which forces tech corporations to pay Australian media organisations for content material on their platform.

The scheme, changing an older system, was introduced in December and forces platforms to pay whether or not they use news content material or not.

Treasurer Jim Chalmers mentioned the response from Silicon Valley was predictable, particularly as a result of of the closeness of X proprietor Elon Musk to Mr Trump.

“It’s not surprising that the tech giants would have that view,” he informed Sky News on Friday.

“Our job is to make decisions in Australia’s national interest, to protect kids online, for example, or to make sure that there’s a level playing field in our media with our media organisations.”

“It’s self-evident that (tech billionaires) are very close with the US administration. Our focus and our job is to make our case in the US, as we have been doing,” he mentioned.

“A lot of people around the country, not just parents, but including parents, they want to make sure that there are appropriate protections for people online. The tech giants won’t always like that.”

The Government has additionally denied that the inducement is discriminatory.

Unlike different industry teams lobbying the administration, the CCIA doesn’t advocate tariffs on different international locations, however need the President to make use of his workplace to dismantle international obstacles.

“Imposing targeted, reciprocal measures, while on occasion necessary as a negotiating tool, invariably incurs costs and unintended consequences,” the group mentioned of reciprocal tariffs.

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