Trump Orders 301 Probe, Threatens Tariffs on EU Over Fines on US Tech
President Trump announced a Section 301 investigation and threatened substantial tariffs on the European Union, citing billions in fines on Apple, Meta, Amazon, and Google.
President Trump, in a Truth Social post, accused the European Union of discriminatory practices against American companies and announced immediate retaliatory steps.
He cited specific fines: Apple ($15 billion), Meta ($3 billion), Amazon ($2.5 billion), and Google (a new $1 billion fine bringing its total to over $18 billion). Trump called the actions illegal, stating they began during the Biden administration and will not continue under his.
Trump declared the launch of a Section 301 investigation into the practice of "robbing" American companies and taxpayers. He expects the penalties to be reversed and warned that a substantial tariff will be placed on the EU at the earliest possible moment. No further details were provided.
Source: First Squawk