President Donald Trump criticized Europe’s latest $3.5 billion fine against Google ($GOOGL), calling it an attack on American companies and warning he may launch a Section 301 investigation to counter the penalties. In a Truth Social post, Trump also referenced Apple ($AAPL)’s prior $17 billion fine and said such actions unfairly target U.S. innovation and jobs.
- Europe fined Google $3.5B, which Trump said would have supported American investments and jobs.
- Trump noted Google has already paid $13B in past penalties, bringing the total to $16.5B.
- Apple was forced to pay $17B in fines, which Trump argued should be refunded.
- Trump vowed his administration would not allow “discriminatory actions” by the EU to stand.
- He threatened to invoke Section 301 proceedings to nullify what he called unfair penalties.
Relevant Companies
- GOOGL – Facing repeated fines from the European Union, totaling $16.5B according to Trump.
- AAPL – Previously fined $17B by the EU, highlighted by Trump as an example of “unfair” treatment.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
