Trump:
Europe hit a great American company and took money that
would have gone to American investments and jobs
US President Donald Trump said that Europe today fined
the great American company Google $3.5 billion.
Trump added that
- Europe effectively took money that
- would have gone to American
- investments and jobs.
The US President stated that this fine is in addition to many other fines and taxes issued against Google and other US technology companies, in particular.
Trump stressed that
"this is deeply unfair and that American taxpayers will not stand idly by," emphasizing that his administration will not allow such discriminatory acts.
In this context, he pointed out that Apple, for example
was forced to pay $17 billion in a fine that should not have been imposed.
The US President explained that the money of American companies must be recovered.
Trump said that
- in addition to the fact he previously published about Google
- the American company had previously paid $13 billion in
- false claims and fees totaling $16.5 billion.
Trump called on the European Union to immediately
stop these practices against American companies.
On Friday, the European Commission imposed a huge fine of 2.95 billion euros (equivalent to 3.5 billion dollars) on the American company Google.
This decision comes
due to Google violating fair competition rules within the European market, by preferring its own digital advertising services at the expense of competitors.
This is the fourth fine imposed by the Commission on the American technology giant in antitrust cases, at a time when regulatory pressure is increasing on major technology companies within the European Union.
The Commission
the executive arm of the European Union responsible
for monitoring competition in the 27 member states, confirmed that Google adopted preferential practices that harmed competing companies and weakened innovation in the digital advertising market.
In addition
to the financial penalty, the Commission ordered Google to end its preferential practices and take concrete steps to address conflicts of interest within the digital advertising technology supply chain, which includes advertising brokerage services that allow companies to buy and sell advertising space online.
The European
- Commission had previously threatened to dismantle some of
- Google's businesses if they did not comply
- with European competition laws
but it appears to have backed away from this option for the time being, preferring to impose fines and corrective measures rather than take more radical steps.
Major American technology companies, led by Google, face increasing censorship from the European Union, which seeks to curb the growing influence of these companies in digital markets and ensure a fair competitive environment.