Trade Tensions Flare as U.S. and EU Clash Over Tech Giant Penalty
U.S. President Donald Trump has vowed retaliatory tariffs against the European Union following a €2.95 billion ($3.47 billion) antitrust fine against Google. The EU ruled Friday that the tech giant abused its market dominance in digital advertising – the fourth multibillion-euro penalty Google has faced from Brussels since 2017. 🔍
"Very Unfair": Trump Fires Back on Social Media
Within hours of the EU decision, Trump called the move "discriminatory" on Truth Social, claiming it harms U.S. jobs and investments. He threatened to launch a Section 301 trade investigation – the same tool used in the U.S.-China trade war – to counter the penalties. 💥
Why This Matters for Global Tech & Trade
The clash highlights growing friction between U.S. tech dominance and EU regulatory power. While Google plans to appeal the fine, experts warn this could:
🔥 Escalate transatlantic trade tensions
💡 Reshape how digital markets operate globally
📉 Impact cross-border investments in tech
EU antitrust chief Teresa Ribera defended the decision, stating: "Google abused its dominant position, harming publishers, advertisers, and consumers." Meanwhile, markets are watching whether Trump’s tariff threats become reality. 🌍
