President Donald J. Trump criticized the European Union on Friday for imposing substantial fines on major American technology companies.
The EU penalties total $15 billion against Apple, $3 billion against Meta, $2.5 billion against Amazon, and an additional $1 billion against Google, bringing Google’s cumulative fines to over $18 billion.
Trump announced that his administration will launch a Section 301 investigation into the EU’s practices, describing the fines as illegal and discriminatory.
He emphasized that the United States will not serve as a “piggybank” for Europe and warned that retaliatory measures, including tariffs, could be imposed.
The administration indicated that the fines may be reversed and that the EU could face significant costs as a result of the forthcoming investigation.
