Trump threatens EU with new tariffs

President Donald Trump is launching a trade investigation into the European Union, citing “discriminatory” fines against U.S. tech giants. The move follows the EU’s recent €890 million antitrust penalty against Google for breaching digital competition laws.

Trump stated the U.S. will not allow American companies to be used as a “piggybank” for Europe. The administration warned the bloc could face substantial tariffs in retaliation for these regulatory actions.