After EU tariff relief, Trump threatens new tariffs over Google's $1Bn fine
President Donald Trump has threatened the European Union with new tariffs following the bloc's decision to fine Google $1 billion. This move marks a significant escalation in trade tensions despite previous agreements to cap tariff rates.
Why it matters
The threat of a trade war between the US and EU could destabilize transatlantic economic relations and impact major technology companies.
European Union's relief with new US tariffs announced on Europe on Thursday July 23 was short-lived. As just hours later an angry US President Donald Trump has threatened the 27-nation bloc with new "substantial TARIFF". The trigger is EU's $1 billion fine on Google announced this week. European officials had breathed a sigh of relief over the new tariff rates, which were set at 10 percent for the EU and abided by the Turnberry agreement. In 2025, Trump and European Commission President Ursula von der Leyen signed Turnberry deal that capped US tariffs on EU exports at 15 percent. In a post on Truth Social, Trump accused the bloc of "robbing" American companies and pledging to initiate a trade investigation.
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