"President Donald Trump on Friday threatened to launch a new trade investigation aimed at the European Union, following a series of multi-billion-dollar fines levied against U.S. tech firms, including a recent nearly $3.5 billion penalty against Google. In a post on Truth Social, the president claimed that the European fines are "discriminatory" and "effectively taking money that would otherwise go to American Investments and Jobs." He singled out the EU's latest antitrust ruling against Google over its advertising technology business, as well as past penalties against Apple."
"A Section 301 investigation, under the U.S. Trade Act of 1974, grants the U.S. Trade Representative the authority to investigate and take action against a foreign country's policies or practices that are deemed to be "unjustifiable" and burden or restrict U.S. commerce. The Trump administration previously utilized this power to impose tariffs on goods from China."
"The EU's latest action against Google is part of a decade-long effort to rein in the market dominance of American tech companies. The European Commission has fined Google multiple times, including a $2.7 billion penalty in 2017 for favoring its own shopping service and a $5 billion fine in 2018 related to its Android mobile operating system."
President Trump threatened a Section 301 investigation targeting the European Union in response to multi‑billion‑dollar antitrust fines imposed on U.S. technology firms, including a nearly $3.5 billion penalty against Google. He described the fines as discriminatory and asserted they effectively divert money away from American investments and jobs. He cited recent EU rulings against Google’s advertising technology and previous penalties applied to Apple. A Section 301 probe empowers the U.S. Trade Representative to investigate foreign policies deemed unjustifiable and to take retaliatory actions; the tool was previously used to impose tariffs on Chinese goods. The EU has fined Google multiple times over the past decade.
Read at Tampa Free Press
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