Trump Threatens EU With Tariffs, Launches Trade Probe Over Tech Fines
Translated from Serbian, summarized and contextualized by DistantNews.
At a glance
- Donald Trump announced an investigation into the European Union and threatened significant tariffs on EU goods.
- He cited the EU's fines against major U.S. tech companies, including Google, Apple, and Meta, as "unlawful and highly discriminatory."
- Trump stated the U.S. will not be "a piggy bank" for Europe and vowed to reverse these penalties during his administration.
Former U.S. President Donald Trump has announced a trade investigation into the European Union, vowing to impose "significant tariffs" in the near future. Trump cited the EU's recent penalties against large American technology firms as the reason for this retaliatory action, labeling the practice as "unlawful and highly discriminatory."
In a post on his social media platform, Truth Social, Trump detailed the fines imposed on companies like Apple ($15 billion), Meta ($3 billion), Amazon ($2.5 billion), and most recently, Google ($1 billion). He asserted that these actions, which he claims occurred "without any explanation," began at high levels during the first year of the Biden administration and declared they would not continue under his leadership.
"The United States is not a piggy bank for Europe, nor will we be," Trump stated. He added that an investigation into the "robbery" of American companies and taxpayers would commence immediately. Trump promised that the EU would pay a "very big price" for its "unlawful and very unethical behavior," and that the penalties would be completely nullified.
The European Commission had fined Google approximately 890 million euros for favoring its own services in search results over competing platforms. Trump's announcement signals a potential escalation of trade tensions between the U.S. and the EU, reflecting his administration's protectionist stance.
Evropska unija, kao i obiฤno, direktno cilja velike ameriฤke kompanije. Nakon ลกto je bez ikakvog razloga kaznila Epl sa 15 milijardi dolara, Metu sa tri milijarde, Amazon sa dve i po milijarde i mnoge druge, upravo smo obaveลกteni da je Gugl kaลพnjena sa joลก milijardu dolara, bez objaลกnjenja.
Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.