WASHINGTON – The United States is set to begin a formal investigation into the trade practices of the European Union, President Donald Trump announced on Friday, arguing that the bloc has unfairly imposed billions in fines on Google, Apple, and other American tech companies.
What You Need To Know President Donald Trump says the United States will open a formal investigation into the European Union’s trade practices, claiming the bloc has unfairly levied billions of dollars of fines against Google, Apple and other U. S. tech giants
The Republican president made the announcement a day after the EU hit Google with a fine of $1 billion after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers toward its own services and apps to the detriment of competitor
In the post, Trump asserted that the penalties against the companies “will be entirely reversed” and predicted “a substantial TARIFF” would be placed on the EU “at the earliest possible moment” The Republican president made his statement just one day after the EU imposed a fine of 890 million euros, or $1 billion, on Google for allegedly violating digital antitrust rules by steering users toward its own offerings via Google Play and its well-known search engine at competitors’ expense. In an extensive social media post, Trump mentioned he has previously warned the EU about their practice of penalizing U. S. tech firms. He specifically pointed out companies like Google, Apple, Meta, Amazon, and others. “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!,” Trump declared while adding that his post should act as notice for an immediate trade investigation “into the practice of ‘ROBBING’ American Companies and, in turn, the American Taxpayer.” “The European Union will pay a very big price for this illegal and highly unethical conduct which I have consistently warned them about,” he stated. Trump claimed in his post that these penalties “will be entirely reversed” and forecasted “a substantial TARIFF” would be applied to the EU “at the earliest possible moment.” “Stay tuned!” he concluded. This action from Trump follows shortly after announcements from the White House regarding new double-digit tariffs on imports from over 60 countries due to their failure to enforce bans on goods produced using forced labor. These new tariffs replace temporary 10% global import taxes that were put in place following a Supreme Court decision against Trump’s previous major tariffs. The newly implemented tariffs are being executed under Section 301 of the Trade Act of 1974. This law allows presidents to impose import taxes or other penalties against countries found guilty of engaging in “unjustifiable,” “unreasonable,” or “discriminatory” trading practices.
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The Republican president made the announcement a day after the EU hit Google with a fine of $1 billion after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers toward its own services and apps to the detriment of competitor
In the post, Trump asserted that the penalties against the companies “will be entirely reversed” and predicted “a substantial TARIFF” would be placed on the EU “at the earliest possible moment” The Republican president made his statement just one day after the EU imposed a fine of 890 million euros, or $1 billion, on Google for allegedly violating digital antitrust rules by steering users toward its own offerings via Google Play and its well-known search engine at competitors’ expense. In an extensive social media post, Trump mentioned he has previously warned the EU about their practice of penalizing U. S. tech firms. He specifically pointed out companies like Google, Apple, Meta, Amazon, and others. “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!,” Trump declared while adding that his post should act as notice for an immediate trade investigation “into the practice of ‘ROBBING’ American Companies and, in turn, the American Taxpayer.” “The European Union will pay a very big price for this illegal and highly unethical conduct which I have consistently warned them about,” he stated. Trump claimed in his post that these penalties “will be entirely reversed” and forecasted “a substantial TARIFF” would be applied to the EU “at the earliest possible moment.” “Stay tuned!” he concluded. This action from Trump follows shortly after announcements from the White House regarding new double-digit tariffs on imports from over 60 countries due to their failure to enforce bans on goods produced using forced labor. These new tariffs replace temporary 10% global import taxes that were put in place following a Supreme Court decision against Trump’s previous major tariffs. The newly implemented tariffs are being executed under Section 301 of the Trade Act of 1974. This law allows presidents to impose import taxes or other penalties against countries found guilty of engaging in “unjustifiable,” “unreasonable,” or “discriminatory” trading practices.
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