Europe "tests the waters" by first fining Apple and Meta 700 million, and then giving 60 days for observation

Wallstreetcn
2025.04.23 14:21
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The European Union fined Apple and Meta €500 million and €200 million respectively, totaling $798 million. This move came after Trump threatened to impose retaliatory tariffs on the EU. Analysts believe that the EU's penalties are relatively restrained, not reaching the maximum fine of 10% of the companies' global annual revenue, aiming to avoid further angering Trump