In a dramatic response to Brussels’ latest move, U.S. President Donald Trump threatened on his Truth Social platform to slap more tariffs on the European Union after it hit Google with a €2.95 billion ($3.5 billion) antitrust fine. 🚀
"Europe today 'hit' another great American company, Google, with a $3.5 billion fine, effectively taking money that would otherwise go to American investments and jobs," Trump wrote, calling the penalty "very unfair." He warned that the American taxpayer would not stand for it.
The EU’s decision marks its fourth multibillion-euro sanction against Google, accusing the tech giant of using its own ad exchanges to undercut competitors. Teresa Ribera, the European Commission’s top antitrust regulator, said the ruling shows "Google abused its dominant position in ad tech, harming publishers, advertisers and consumers."
Not one to stand by quietly, Trump said he’d launch a Section 301 proceeding to nullify what he called "discriminatory actions" against U.S. companies. The move could escalate tensions in an already heated U.S.-EU trade relationship.
Google, for its part, vowed to appeal the decision, promising a legal fight ahead. Meanwhile, trade experts are watching closely to see if this showdown will spark a new chapter in the ongoing tech and tariff saga. 🔍
Reference(s):
cgtn.com
