Trump threatens EU with tariffs, trade probe over tech fines
Donald Trump warns of major tariffs and a trade investigation after the EU fined Google nearly $1 billion for antitrust violations.
Key Takeaways
AIUS President Donald Trump has threatened the European Union with hefty tariffs and an immediate trade investigation in response to European fines totaling nearly $1 billion against Google.
Trump wrote on his X account that such actions against major technology companies would not continue under his administration.
He stressed that the United States is not a "piggy bank" for Europe and would not allow itself to become one.
Trump added that his administration would immediately launch an investigation under Section 301 into what he described as the "plundering" of American companies, and by extension, American taxpayers.
On Thursday, the European Union fined Google €460 million for favoring its own services in search results, and another €430 million for restricting companies from directing consumers to alternative purchasing channels on the Google Play store.