Donald Trump has announced plans to impose significant tariffs on the European Union in response to recent fines levied against US technology firms. This move highlights escalating tensions between the US and EU over regulatory actions.
The announcement follows the EU’s €890m fine against Google for breaching online competition laws. Trump criticized the EU for what he described as unfair treatment of American companies and taxpayers.
Donald Trump has threatened the European Union with “substantial” tariffs after Brussels imposed a series of steep fines on US tech giants.
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In a post on his Truth Social platform, the US president wrote: “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!”
It comes days after Google was fined €890m by the EU after its search and app store services were found to have breached online competition laws.
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The US will “immediately” launch an investigation “into the practice of ‘ROBBING’ American Companies and, in turn, the American Taxpayer”, Trump said. “The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about.”
More details soon …
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