Trump Threatens EU with Trade Actions After Fines on US Companies
US President Donald Trump announced his intention to take decisive action against the European Union after fines worth billions of dollars were imposed on major US technology companies such as Google, Apple, Meta, and Amazon.
Trump explained that the EU recently imposed a new fine of one billion dollars on Google, raising the total fines levied on the company to over 18 billion dollars. He mentioned that the EU had previously fined Apple 15 billion dollars, Meta 3 billion dollars, and Amazon 2.5 billion dollars.
The US president added that these practices began broadly during the first year of his administration, asserting that they will not continue in the future and that the United States will not allow itself to be considered a 'cash cow' for Europe.
In the same context, Trump announced the initiation of an immediate investigation under Section 301 regarding what he described as the 'looting' of American companies and American taxpayers, vowing to revoke sanctions and impose a major tariff on the EU as soon as possible.
It is noteworthy that the EU has previously imposed large fines on US tech companies, citing violations of competition rules and data protection, while the United States rejects these measures and considers them discriminatory.
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Original source: Ajel.sa
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