Trump vows to investigate EU over fining of US tech companies
President Donald Trump has threatened to impose new tariffs on the European Union in retaliation for antitrust fines levied against major US tech companies like Google, Apple, and Meta. The administration is initiating a Section 301 trade investigation, arguing that these EU regulatory actions unfairly target American businesses.
Why it matters
This move signals a significant escalation in transatlantic trade tensions and could lead to a broader trade war affecting global digital markets.
Image source, Reuters Image caption, US President Donald Trump has taken issue with European regulators in the past.
Donald Trump says the US will launch an investigation into the European Union and threatened a fresh tariff over fines handed to some of the biggest American tech companies.
It comes days after the European Commission fined Google €890m ($1bn) for operating in a way that squeezed out competitors to its services.
In a post to Truth Social, which Trump owns, the US president said the EU would pay a "very big price" over how it had treated Google, along with other major US tech companies Apple, Meta, and Amazon, which have also been investigated.
"The United States of America is not a "PIGGYBANK" for Europe, nor will we allow it to be!" he wrote.
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