US President Donald Trump has announced that he is opening a trade investigation into the EU, after Brussels fined Google $1 billion for violating its competition laws. Trump added that the investigation will likely end in new tariffs on the bloc.In a post on his Truth Social platform on Friday, Trump said that the US will “immediately initiate a 301 Investigation” into the EU’s “practice of ‘ROBBING’ American companies.” The EU, he added, “will pay a very big price” for its decision on Thursday to fine Google €890 million ($1 billion) for prioritizing its own services over those of competitors in search results.“After having fined Apple, for no reason at all, 15 billion dollars, Meta, 3 billion dollars, Amazon 2.5 billion dollars, and many others, we have just been informed that Google, a truly advanced and amazing group, has been fined yet another 1 billion dollars,” Trump wrote. “This brings the Google total to over 18 billion dollars.”“The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!” he warned. In addition to Thursday’s fine, Google lost a years-long legal battle against a separate €4.6 billion ($5.2 billion) EU antitrust fine earlier t...
Trump threatens EU over ‘robbing American companies’
3 weeks ago
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