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And that’s basically it!
(paraphrasing from elsewhere) Every good business owner LOOOOVES to tell people/governments they can't pay more money if they can blame it on the law/lawyers.
Without that security blanket, the door is open to extracting money from US businesses by foreign governments. The owner can't even give a good reason why they shouldn't be blackmailed.
From a "corrupt president" perspective, this is a bad policy, but somehow, from an "American business owner" perspective, it's even worse.
100% this. I've seen it plenty of times IRL, and publicly announcing this might as well be an announcement that American companies now MUST start not only paying bribes, but perceived "back pay" of bribes.
This will absolutely chase American companies out of places where they already had high business costs. There is absolutely zero political will in those places to forgo bribes in there interest of jobs, as the American companies will leave and get blamed for being poor at doing business.
I wonder what foreign government Musk wants to bribe.
Yes
Oh wow, it’s for our security. I didn’t realize this was good for us! Consider me enlightened.