"Under the new agreement tariffs on most EU imports to the United States were reduced to 15 percent and Brussels pledged to purchase $750-billion-worth of U.S. energy products, including oil, gas, nuclear fuel and semiconductors, through to 2028. If Trump goes ahead with Section 301 proceedings it could renew tensions between the U.S. and EU, while continuing an ongoing battle over what influence European regulators should have over American tech companies."
"On Friday the European Commission imposed a $3.5 billion fine on Google after concluding the company "abused its power" by giving preferential treatment to its own online display advertising services over those of competitors. This marked the fourth time Brussels imposed a multi-billion Euro fine on Google in an antitrust case since 2017. The move infuriated President Trump who described the fine as "very unfair" in a post on his Truth Social website,"
The European Commission fined Google $3.5 billion for giving preferential treatment to its online display advertising services, marking the fourth multi-billion euro antitrust penalty since 2017. President Trump called the fine "very unfair" and threatened Section 301 proceedings to nullify penalties on American companies. Section 301 of the 1974 Trade Act allows U.S. investigations of foreign trade practices and can lead to punitive measures if practices are found unjustifiable or discriminatory. A July U.S.-EU deal reduced most U.S. tariffs on EU imports to 15 percent and included a $750 billion EU pledge to buy U.S. energy products through 2028.
Read at Miami Herald
Unable to calculate read time
Collection
[
|
...
]