If needed Activision-Blizzard would probably just buy that stake back.
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I wouldn't assume that yet; the tl;dr is that no one, not even respected news orgs like the NYT, know what the hell is going on now.
But the threat of the ban, at minimum, is extremely newsworthy and will have cascading effects, as the memes about the ban show..
"or with respect to any property"
seems that it was worded extremely vague and it would mean video game companies too I would imagine
I agree that's the most sensible outcome, I was just trying to figure out their train of thought.
It seems pretty plaintext. It's basically a pretext for a future action to be taken in 45 days. 45 days in 2020 is a long fucking time. Who knows if the admin will even remember this happened by then?
It's still 45 days away from taking effect. My guess is, like with everything else this president has done in the last 3.5 years, this is just grand posturing and will be either scaled back or ruled unconstitutional.
no I dont, but I do know in the midle of a pandemic with schools closed their kids losing the ability to play their favorite game, driving their parents nuts likely will make them vote for bidan.
Any developer that has shutdown before it's employees have moved onto another company, this isn't even going to happen though
I mean, seriously, when has anything that this president has done, actually gone according to his plans? Everything he tries to do gets scaled back or he forgets about it and moves on to the next thing that pops into this mind. He has no plans. He just acts on instincts and whatever is on his mind.
So... another toothless EO for now.
That being said, I trust Wilbur Ross about as far as I can throw him.
They should go 33/33/33 on Tencent's stake with Sony and Nintendo. Unreal Engine is vital to all three platform holders.
I mean, I don't trust him either, but it's 45 days in 2020 time. Who the fuck knows what'll even be going on by then.
Oh boy, this is gonna be a clusterfuck. Tencent has its tentacles in fucking everything these days.
Unfortunately, while I genuinely believe Tencent's presence in the industry is genuinely a bad thing due to its deep ties with the CCP, we know Trump's motives are entirely petty. This will also effectively provide China an argument that its own (much worse) protectionist practices are justified.
Problem is, Trump isn't the right person to be trusted on anything related to China, even if he can be right for the wrong reasons.
Unfortunately, while I genuinely believe Tencent's presence in the industry is genuinely a bad thing due to its deep ties with the CCP, we know Trump's motives are entirely petty. This will also effectively provide China an argument that its own (much worse) protectionist practices are justified.
I genuinely think the US, the EU and other nations in the G7/G20 could force the CCP to change China's governmental system into something democratic and with actual rule of law if they banded together with a proper agreement to effectively shut down China's economy with sanctions if it doesn't become a democratic state and stay that way.
Problem is, Trump isn't the right person to be trusted on anything related to China, even if he can be right for the wrong reasons.
Super easily, assuming they have a compelling legal argument for the courts, which they might.
Banks already have to keep track of a whole bunch of specific financial transaction bans and it's really hard to do business without banks.
Oh I'm good haha. I work in renewable energy. So Trump has gone above and beyond to try and deep dick us.
I am willing to give up Tencent games for the better of western economies tbh.
And this would be awesome for 'western' (US) economy?
Isn't MS interested in TikTok?
I am willing to give up Tencent games for the better of western economies tbh.
congrats, you have no idea how the world economy operates!
As suspected, another toothless, meaningless swing at the Chinese boogeyman Trump is trying to use to get re-elected.
Edit: To clarify, currently toothless as it does not have any scope, and what that scope may or may not be is unclear. This isn't meant to downplay the seriousness of an executive order, but to state that it's overbroad and directionless at this point. There's a lot of money wrapped up in this, and I hope Trump's legal team is going to get hit with lawsuits from all kinds of different angles.
Edit: To clarify, currently toothless as it does not have any scope, and what that scope may or may not be is unclear. This isn't meant to downplay the seriousness of an executive order, but to state that it's overbroad and directionless at this point. There's a lot of money wrapped up in this, and I hope Trump's legal team is going to get hit with lawsuits from all kinds of different angles.
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How do you think this betters Western economies? Genuinely curiousI am willing to give up Tencent games for the better of western economies tbh.
I am guessing it won't reach the deadline or rather the US wishes it wouldn't.
This is more of a threat to get them to the bargaining table. We may see date extensions.
But I am ignorant when it comes to this so it is just a guess.
This is more of a threat to get them to the bargaining table. We may see date extensions.
But I am ignorant when it comes to this so it is just a guess.
Yeah. I'm from germany. I read and heard a lot about Trumps thinking towards renewable energy. It's sad. Good to read that you are good:)
Toothless? Tell that to any soybean farmer or anyone else affected the dumb tariff crap he made up with China. This is the one thing he's held firm on.
It is deceiving to say this doesn't do *anything*, it certainly does something in that it heightens uncertainty about what could be banned in 45 days. That it doesn't do anything quite yet and is basically TBD is significant though.
"the order doesn't actually do anything" assumes the Commerce secretary will choose not to ban anything, which seems uhhhhh optimistic
Yeah, it's extremely ignorant about how these things work to hang anything on that statement.
That statement's not an out, that's literally how every executive order works. The intent of the order is clear as day and it's the commerce secretary's duty to carry out that order. The secretary could technically argue it's not lawful to do anything, but there's very little chance they'd do this order in the first place without the secretary being on board.
There is literally zero scoping right now. Could it become something? Yes, it could, but right now, it's just an overbroad statement without any actual specifics.
Is it bad? Absolutely. But right now it's part of continued political theater. The specifics of it are what may or may not give it teeth.
Trump can stomp all over soybean farmers because they don't have the political power to do something about it. As he starts involving higher profile and bigger money players, we'll see if these things stick.
To be clear, when I'm talking about Trump's political circus, I'm talking about his whole push in the last few days, and saying things like Til Tok will be banned unless it's sold, including the caveat:
Which makes no sense at all except in some abstract tax collecting way. I don't think there's a big picture plan here; I see a lot of bluster meant to look tough for a voter base that might be scared of China.
So I'm skeptical of what something like this will actually come to and who will actually be effected. But anyone and everyone should absolutely be on guard for him doing senseless things for political gain. I don't mean to downplay that.
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