Serious stuff! Is the EU excessively fining US tech companies using a pretext? Is this sort of an extra source of revenue for the EU?
Does the US fine EU companies in a similar fashion or to a similar extent? I doubt it.
"Trump vs. the EU: Section 301 Investigation Launched. After years of watching the European Union levy billions in unjustified fines against America’s greatest technology companies, President Trump signed a Presidential Action this week initiating Section 301 investigations into the trade practices of 60 economies, with the EU squarely in the crosshairs.
The final straw: a fresh $1 billion fine against Google, bringing the EU’s total Google fines alone past $18 billion.
Combined with $15 billion against Apple, $3 billion against Meta, and $2.5 billion against Amazon, the systematic targeting of American companies is over. President Trump announced that the penalties will be reversed, a substantial tariff is coming, and the EU will pay a “very big price.”"
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