Trump threatens EU with tariffs, trade probe over tech fines
Donald Trump warned the EU of major tariffs and a trade investigation after nearly $1 billion in fines were imposed on Google.
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.
The US president stressed that the United States is not a "bank" for Europe and would not allow itself to become one.
Trump said his administration would immediately "open a Section 301 investigation into the 'plundering' of American companies, and therefore American taxpayers."
On Thursday, the European Union fined Google €460 million for favoring its own services in search results and €430 million for restricting companies from directing consumers to alternative purchasing channels on the Google Play store.