Fined $7 Billion in Two Years! Trump Administration Slams EU: These are "Tariffs" on US Tech Giants

Wallstreetcn
2026.04.10 16:10
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Since the beginning of 2024, the EU has imposed fines totaling over 6 billion euros (approximately $7 billion) on American tech giants such as Google, Apple, and Meta. The Trump administration expressed strong dissatisfaction, directly denouncing the move as equivalent to "tariffs" and considering retaliatory tariff measures. The US Ambassador to the EU criticized the EU's "over-regulation," and a Meta executive called the fines "suppression of successful American companies." The EU, however, maintains that the fines are a "last resort" to uphold market rules