Tech firms face new international restrictions on data and privacy
The rapid growth of e-commerce in recent decades has been accompanied by an increase in digital trade barriers. Those include requirements for companies to store their data in the country where it is collected or to hand over their source code to a joint venture partner in order to do business in a particular market. Until now, the United States has been a leading voice on the international stage pushing back against such provisions, which it argued not only hurt big tech companies but small and medium-size companies that increasingly rely on the internet to do business.