President Donald Trump has taken a strong stance against the European Union, announcing that the US will conduct a Section 301 trade investigation into the EU. Trump has indicated that he is considering implementing a significant tariff on the EU as retaliation for the European Commission's €890m fine on Google for breaches of the Digital Markets Act.
The president argued that the fines against Google, Apple, and Amazon should be completely overturned, claiming that European regulators are engaging in a form of "robbing American companies." His statement comes on the heels of tariffs ranging from 10% to 12.5% imposed on 60 trading partners, including the EU and the UK, less than a month after he threatened a 100% tariff on nations implementing a digital services tax.
Google stated that it had "worked hard to comply" with the DMA (Digital Markets Act).
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