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Prezzi
macroJul 24, 2026, 5:10 PM

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.

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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