Washington Is Ceding the Digital World

American tech companies built the digital economy, and they are its leading producers—the United States accounts for more than one-third of global output in the IT and information services industry. But America better watch out, because the European Union is making a concerted effort to rewrite the rules of the game through regulatory policy. If the EU succeeds, it will undercut America’s technological leadership at the expense of its economic power and national security writ large.