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Trump warns Europe on tariffs over U.S. sanctions
U.S. President Donald Trump announced the launch of a trade investigation against the European Union aimed at removing the hefty fines imposed on American tech companies, especially the fine imposed by the European Commission on Google, which amounted to nearly one billion euros due to its practices in regulating the data market. According to Trump, this step will include imposing significant tariffs on Europe in response to its practices, affirming that the United States will initiate an investigation under Section 301 of the 1974 Trade Act, which allows for the imposition of tariffs on unfair practices. This comes after Europeans imposed fines on companies like Apple, Meta, and Amazon. The American move seeks to counter what Trump considers the theft of American companies and taxpayers, with a promise to suspend these penalties and impose large tariffs as soon as possible.
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