DistantNews
Support us
๐Ÿ‡ป๐Ÿ‡ช Venezuela /Economy & Trade

Trump threatens EU with new tariffs after Google fine

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Donald Trump threatened the European Union with new tariffs and a trade investigation following the EU's antitrust fine against Google.
  • Trump stated the EU would "pay a very high price" for its "illegal and very unethical conduct."
  • The EU imposed fines totaling 890 million euros ($1.015 billion) on Google for violating digital market regulations.

Former President Donald Trump has issued a stern warning to the European Union, threatening significant tariffs and a formal trade investigation in response to the bloc's recent antitrust sanctions against Google. Trump declared on his Truth Social platform that the EU would "pay a very high price for this illegal and very unethical conduct, which I have constantly warned them about."

The bloc will pay a very high price for this illegal and very unethical conduct, which I have constantly warned them about.

โ€” Donald TrumpTrump's statement on his Truth Social platform regarding the EU's actions against Google.

Trump asserted that the United States would impose a "considerable tariff... as soon as possible." He also indicated an immediate launch of an investigation under Section 301 of the Trade Act of 1974, which allows Washington to probe discriminatory foreign practices and respond with tariffs. Trump characterized the EU's actions as "stealing" from American companies.

This threat comes after the European Union levied fines totaling 890 million euros ($1.015 billion) against Google. The sanctions, imposed under the European Digital Markets Act (DMA), target monopolistic practices by major tech companies and represent the largest penalty Brussels has issued under the regulation.

will impose a considerable tariff... as soon as possible.

โ€” Donald TrumpTrump's threat of economic retaliation against the European Union.

The U.S. Trade Representative's office acknowledged the potential impact, with Deputy U.S. Trade Representative Jamieson Greer warning that the fine poses "a real risk to maintaining transatlantic (trade) stability." The situation highlights ongoing trade tensions between the U.S. and the EU, particularly concerning regulatory actions against American technology firms.

would immediately initiate an investigation under Section 301 of what he called the EU's practice of 'stealing' from American companies.

โ€” Donald TrumpTrump's announcement of a trade investigation into the EU's practices.
DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.