Thread by @BaldingsWorld

The EU position on its face is imminently reasonable. The realities and mechanics is where it falls apart. Let me give you a couple of examples. First, the EU is years behind the US in cybersecurity. Y.E.A.R.S. Second, lacking the expertise and resources, this sounds a lot 1/n

https://twitter.com/WilliamYang120/status/1333242566569910272

Another opportunity to free ride than actually do something. Couple that with the EUs ability to churn out working papers that mean nothing in practice and I wouldn't hold my breath. Then this is mostly national sovereignty issue and not an EU issue difficult to see national 2/n

Governments moving or allocating the necessary resources needed. Third, national investment encapsulates all these issues perfectly. Every EU country had the ability to set their own investment policy (think NordStream). They don't need the US to set national security 3/n

Investment policy. Furthermore, the EU had talked about this for sometime. Nothing is legging any member state or even the EU from blocking all this now. The Trump administration even urged them do take a tougher line on Chinese investment. 4/n

Don't get me wrong at all: these are necessary policy reforms and conceptually they make total sense. Mechanically and pragmatically however is where it falls apart. The US isn't needed for almost any of this and is likely only a free riding disguise not and actual reform.