Trump threatens EU over fines on U.S. firms: 'We won't be Europe's piggy bank'

Donald Trump, former U.S. president, launched a fresh attack on the European Union, accusing its authorities of targeting American companies with hefty fines. He cautioned that Washington would respond with trade measures.

Trump's intervention was prompted by fines levied against major American tech firms, including Google, Apple, Meta, and Amazon, as part of EU investigations into competition and digital market issues. In a post, Trump asserted that the European Union was "attacking again" significant American businesses, labeling the sanctions as unjust and excessive.

"The United States is not Europe's 'piggy bank,' and we will not allow this practice to continue," the former president stated. He claimed that U.S. companies have been burdened with billions of dollars in fines from the EU, specifically mentioning sanctions against tech giants. He described these actions as "illegal and extremely biased practices" that harm both American businesses and taxpayers.

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The United States is not Europe's 'piggy bank,' and we will not allow this practice to continue.

Trump also announced an investigation under Article 301 of the U.S. trade law, a mechanism allowing the U.S. to examine other countries' trade practices and impose countermeasures if deemed harmful. "The European Union will pay a heavy price for this unfair and unethical behavior," Trump declared, adding that the sanctions should be overturned and leaving open the possibility of new tariffs.

This new confrontation is part of the broader trade policy of the Trump administration, which has reintroduced tariffs as a key tool to pressure U.S. international partners. The former president's statements are expected to further increase tensions between Washington and Brussels, at a time when both sides already disagree on issues of trade, digital regulation, and the taxation of large tech companies.

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The European Union will pay a heavy price for this unfair and unethical behavior.