EU Regulation Threatens American Businesses and Freedoms
Submitted by MAGA
Posted 67 days ago
The recent push for a controversial European Union regulation threatens to significantly impact American businesses and individual freedoms.
Dubbed the Corporate Sustainability Due Diligence Directive (CSDDD), this new regulation aims to enforce Environmental, Social, and Governance (ESG) criteria on companies operating within the EU’s jurisdiction.
While the directive is positioned as a progressive move towards corporate responsibility, its implications extend well beyond the borders of Europe.
As Justin Haskins from the Heartland Institute points out, this regulation is set to create a social credit system for corporations, affecting everything from hiring practices to the types of products available to consumers.
Companies based in Europe, as well as non-EU corporations that generate significant revenue from EU markets, will be held accountable to these ESG scores.
This means even American giants like Apple and McDonald's must comply, forcing them to adopt these regulations across their global operations, including right here in the U.S.
Failure to comply could lead to hefty fines up to 5% of a company's total worldwide revenue, which could run into billions of dollars—a price too steep for most corporations to ignore.
Ford, a prominent American automaker, illustrates the frightening reach of this directive.
Though Ford is an American entity, it operates in the EU and, as a result, will be compelled to ensure that all suppliers in its supply chain, even those based solely in the U.S., also adhere to these ESG requirements.
This regulatory overreach could mean that a small business in Ohio, with no direct ties to Europe, will still be forced to conform to EU-imposed standards due to its relationship with Ford.
The CSDDD effectively threatens to undermine American sovereignty by allowing foreign regulations to dictate the operation of U.S. companies, shaping the economy without direct accountability to American citizens.
As more people become aware of these developments, concerns about the influence of foreign regulations on domestic affairs will likely grow.
Americans must be vigilant against such initiatives that compromise economic freedoms and dilute the success of American enterprise through globalist policies.
The time has come for a concerted effort to push back against these encroachments, ensuring that American businesses can thrive based on merit rather than on compliance with foreign standards.
Sources:
jpost.com
notthebee.com
theblaze.com
Dubbed the Corporate Sustainability Due Diligence Directive (CSDDD), this new regulation aims to enforce Environmental, Social, and Governance (ESG) criteria on companies operating within the EU’s jurisdiction.
While the directive is positioned as a progressive move towards corporate responsibility, its implications extend well beyond the borders of Europe.
As Justin Haskins from the Heartland Institute points out, this regulation is set to create a social credit system for corporations, affecting everything from hiring practices to the types of products available to consumers.
Companies based in Europe, as well as non-EU corporations that generate significant revenue from EU markets, will be held accountable to these ESG scores.
This means even American giants like Apple and McDonald's must comply, forcing them to adopt these regulations across their global operations, including right here in the U.S.
Failure to comply could lead to hefty fines up to 5% of a company's total worldwide revenue, which could run into billions of dollars—a price too steep for most corporations to ignore.
Ford, a prominent American automaker, illustrates the frightening reach of this directive.
Though Ford is an American entity, it operates in the EU and, as a result, will be compelled to ensure that all suppliers in its supply chain, even those based solely in the U.S., also adhere to these ESG requirements.
This regulatory overreach could mean that a small business in Ohio, with no direct ties to Europe, will still be forced to conform to EU-imposed standards due to its relationship with Ford.
The CSDDD effectively threatens to undermine American sovereignty by allowing foreign regulations to dictate the operation of U.S. companies, shaping the economy without direct accountability to American citizens.
As more people become aware of these developments, concerns about the influence of foreign regulations on domestic affairs will likely grow.
Americans must be vigilant against such initiatives that compromise economic freedoms and dilute the success of American enterprise through globalist policies.
The time has come for a concerted effort to push back against these encroachments, ensuring that American businesses can thrive based on merit rather than on compliance with foreign standards.
Sources:
jpost.com
notthebee.com
theblaze.com
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