"The president made his warning in a social media post Friday after the EU announced it was fining Google almost €3 billion ($3.5 billion) and ordering the search giant to stop favoring its own advertising technology services. "This is on top of the many other Fines and Taxes that have been issued against Google and other American Tech Companies, in particular," Trump said. "Very unfair, and the American Taxpayer will not stand for it! As I have said before, my Administration will NOT allow these discriminatory actions to stand.""
"The European Commission said Friday that Google had exploited its advantage over rivals and that it must bring the practices to an end. "When markets fail, public institutions must act to prevent dominant players from abusing their power," EU antitrust commissioner Teresa Ribera said in a statement. "True freedom means a level playing field, where everyone competes on equal terms and citizens have a genuine right to choose." The company immediately vowed to appeal. Lee-Anne Mulholland, vice president for regulatory affairs at Google, said the move "imposes an unjustified fine and requires changes that will hurt thousands of European businesses by making it harder for them to make money.""
EU regulators fined Google nearly €3 billion and ordered the company to stop favoring its own advertising technology services after finding it abused market dominance. President Donald Trump warned of a probe that could lead to fresh tariffs, calling the fines unfair and vowing not to allow discriminatory actions against American companies. Trump has previously used 301 investigations and threatened tariffs over foreign measures that harm U.S. tech firms. The European Commission said Google exploited its advantage and must end the practices. Google vowed to appeal and said the fine and remedies would hurt thousands of European businesses.
Read at Yahoo Finance
Unable to calculate read time
Collection
[
|
...
]