President [Donald Trump](https://www.cnbc.com/donald-trump/) on Friday said his administration will launch a trade probe into the European Union that will cancel hefty fines levied against U.S. tech giants and likely result in a “substantial” tariff on the 27-member bloc.
Trump claimed that the latest penalty against Google was issued “without explanation.” But the European Commission, the EU’s executive branch, said in a [press release](https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1670) that the fines totaling 890 million euros were due to Google’s alleged noncompliance with the bloc’s [Digital Markets Act](https://www.cnbc.com/2024/03/07/what-the-eu-digital-markets-act-means-for-us-tech-giants-like-apple.html), which aims to scrutinize Big Tech’s practices. Trump claimed that the EU’s behavior is “not going to continue during the Trump Administration.” “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!” he wrote.
Trump said the U.S. will “immediately” start an investigation under Section 301 of the Trade Act of 1974, which permits the imposition of tariffs in response to practices that are found to unfairly burden U.S. commerce. The Trump administration has launched multiple probes using that tariff authority. Hours earlier, it imposed new duties between 10% and 12.5% on goods from more than 80 countries, including those in the EU, over alleged forced labor issues. “The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about,” Trump warned in Friday’s post. “The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment,” he wrote, adding, “Stay tuned!”
chance-- on
So we pay more in taxes to fund the fines for egregious violations of law on foreign soil conducted by our wealthiest?
We have lost the plot.
schacks on
I almost funny that he cites specific rules and trade agreements since he seems otherwise completely unable to respect or even grasp the significance of these agreements when he and his cronies walk all over them.
Estumk3 on
The Europeans are robbing US companies under european laws but hey! We are going to tariff (rob) american people instead (consumers pay for tariffs) and maybe the Europeans will learn the lesson.
wbruce098 on
This is why the law says Congress is responsible for levying tariffs. But Congress is full of weenies who are scared of a weak, aging, dementia-riddled pedo.
5 Comments
President [Donald Trump](https://www.cnbc.com/donald-trump/) on Friday said his administration will launch a trade probe into the European Union that will cancel hefty fines levied against U.S. tech giants and likely result in a “substantial” tariff on the 27-member bloc.
Trump, in a lengthy [Truth Social post](https://truthsocial.com/@realDonaldTrump/posts/116976043318889040), accused the EU of ”‘ROBBING’ American Companies and, in turn, the American Taxpayer” as he raged over its recent[ $1 billion fine](https://www.cnbc.com/2026/07/23/google-1-billion-eu-fine-dma.html) on [Google](https://www.cnbc.com/quotes/GOOGL/) for allegedly giving priority to its own services in its search engine. “The European Union is at it again and, as usual, taking direct aim at GREAT American Companies!” Trump wrote in the post, which also railed against prior European fines against [Apple](https://www.cnbc.com/quotes/AAPL/), [Meta](https://www.cnbc.com/quotes/META/) and [Amazon](https://www.cnbc.com/quotes/AMZN/).
Trump claimed that the latest penalty against Google was issued “without explanation.” But the European Commission, the EU’s executive branch, said in a [press release](https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1670) that the fines totaling 890 million euros were due to Google’s alleged noncompliance with the bloc’s [Digital Markets Act](https://www.cnbc.com/2024/03/07/what-the-eu-digital-markets-act-means-for-us-tech-giants-like-apple.html), which aims to scrutinize Big Tech’s practices. Trump claimed that the EU’s behavior is “not going to continue during the Trump Administration.” “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!” he wrote.
Trump said the U.S. will “immediately” start an investigation under Section 301 of the Trade Act of 1974, which permits the imposition of tariffs in response to practices that are found to unfairly burden U.S. commerce. The Trump administration has launched multiple probes using that tariff authority. Hours earlier, it imposed new duties between 10% and 12.5% on goods from more than 80 countries, including those in the EU, over alleged forced labor issues. “The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about,” Trump warned in Friday’s post. “The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment,” he wrote, adding, “Stay tuned!”
So we pay more in taxes to fund the fines for egregious violations of law on foreign soil conducted by our wealthiest?
We have lost the plot.
I almost funny that he cites specific rules and trade agreements since he seems otherwise completely unable to respect or even grasp the significance of these agreements when he and his cronies walk all over them.
The Europeans are robbing US companies under european laws but hey! We are going to tariff (rob) american people instead (consumers pay for tariffs) and maybe the Europeans will learn the lesson.
This is why the law says Congress is responsible for levying tariffs. But Congress is full of weenies who are scared of a weak, aging, dementia-riddled pedo.