President Donald Trump strongly criticized the European Union for fining American tech companies millions of dollars this Friday, claiming that the geopolitical entity is robbing the American taxpayer.
The European Community fined Apple $15 billion, Meta $3 billion, and Amazon $2.5 billion. But the trigger for the dispute has been a fine against Google for another $1 billion. In response, Trump announced a trade investigation under Section 301 of the trade law.
Section 301 of the Trade Act of 1974 empowers the U.S. government to address unfair foreign practices that affect the country's trade. It is used to respond to acts, policies, or unreasonable, unjustifiable, or discriminatory practices that burden or restrict U.S. trade.
Trump's full statement
"The EU is back at it and, as usual, targeting BIG American Companies directly! After fining Apple, without any reason, $15 billion, Meta $3 billion, Amazon $2.5 billion, and many others, we have just been informed that Google, a truly advanced and incredible group, has been fined another $1 billion, without any explanation," the president stated.
