Credited from: LEMONDE
U.S. President Donald Trump has threatened the European Union (EU) with substantial tariffs following its decision to impose a €890 million ($1 billion) fine on Google for violating antitrust laws. In a post on his Truth Social platform, he described the fines as "illegal and highly unethical" and indicated that the EU would "pay a very big price" for this conduct, which he labeled as an effort to "ROBB" American companies, according to Indiatimes and Le Monde.
Trump's administration plans to initiate an investigation under Section 301 of the Trade Act immediately. This legal framework allows the U.S. to examine trade practices deemed discriminatory and potentially take retaliatory actions. The fines against other American tech giants like Apple, Meta, and Amazon form part of Trump's argument that the EU is unfairly targeting U.S. firms, as reported by CBS News and Reuters.
The EU's penalties against Google were enforced under the newly established Digital Markets Act (DMA), which scrutinizes the practices of dominant online platforms. Two distinct fines were issued: €460 million for preferential treatment of Google's own services and €430 million for anti-steering practices that limit consumer choice. U.S. Trade Representative Jamieson Greer criticized the EU's actions, warning they might damage transatlantic trade relations, according to Channel News Asia and Indiatimes.
Trump's stance and the initiation of the Section 301 investigation are seen as efforts to protect American businesses against what he perceives as unfair European regulations. He has indicated that the financial penalties imposed by the EU will be "entirely reversed," with tariffs expected to be implemented quickly, according to Indiatimes and Reuters.