'US not piggybank for Europe': Trump to impose tariffs on EU for fining Google
President Donald Trump has threatened to impose tariffs on the European Union in retaliation for antitrust fines levied against major American tech companies. Trump labeled the EU's actions as discriminatory and promised to launch a Section 301 investigation.
Why it matters
This signals a potential escalation in trade tensions between the US and the EU, specifically targeting digital regulatory policies.
US President Donald Trump on Friday threatened to impose tariffs on the European Union and launch a probe after accusing the bloc of unfairly targeting American technology companies through heavy antitrust fines.In a post on Truth Social, Trump claimed the EU had repeatedly penalised major US firms, including Google, Apple, Meta and Amazon, describing the action as discriminatory and warning that his administration would retaliate."The United States of America is not a 'PIGGYBANK' for Europe, nor will we allow it to be!" Trump wrote.The US president said Google had now been fined more than $18 billion by the European Union after being hit with another $1 billion penalty.
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