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Trump says US will investigate EU trade practices
AP News • • general
Key Points:
- President Donald Trump announced a formal U.S. investigation into the European Union’s trade practices, accusing the bloc of unfairly imposing billions in fines on American tech giants like Google, Apple, Meta, and Amazon.
- The announcement followed the EU’s €890 million ($1 billion) fine against Google for alleged digital antitrust violations related to its Google Play store and search engine practices.
- Trump warned that the EU would face consequences, including potential substantial tariffs, and characterized the EU’s actions as illegal and unethical.
- The investigation coincides with the U.S. imposing new tariffs on imports from over 60 countries over forced labor concerns, using Section 301 of the Trade Act of 1974.
- Google criticized the EU’s Digital Markets Act and its fines, claiming they harm European consumers and businesses, while the European Commission defended its actions as necessary to ensure fair competition and consumer choice.
