{"id":4871,"date":"2026-07-24T19:37:48","date_gmt":"2026-07-24T19:37:48","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=4871"},"modified":"2026-07-24T19:37:48","modified_gmt":"2026-07-24T19:37:48","slug":"trump-vows-to-crack-down-on-europe-add-tariffs-to-battle-hefty-fines-on-u-s-tech","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=4871","title":{"rendered":"Trump vows to crack down on Europe, add tariffs to battle hefty fines on U.S. tech"},"content":{"rendered":"<div>\n<div>\n<div>\n<p>President Trump says the EU \u201cwill pay a very big price\u201d for fining Google $1 billion for allegedly breaking antitrust regulations by favoring its own search engine and app store, Google Pay, over competitors.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=4869\">Congressional Democrats say AOC has emerged as party leader, but less sure about \u201828 prospects<\/a><\/p>\n<p>Mr. Trump, who has criticized Europe for its treatment of U.S. tech companies for years, said he\u2019s opening a Section 301 investigation into EU trade practices, setting the table for new tariffs on goods they send to American markets.<\/p>\n<p>\u201cThe United States of America is not a \u2018PIGGYBANK\u2019 for Europe, nor will we allow it to be! Please let this TRUTH serve to represent that we will immediately initiate a 301 Investigation into the practice of \u2018ROBBING\u2019 American Companies and, in turn, the American Taxpayer,\u201d he said Friday on social media.<\/p>\n<p>Mr. Trump\u2019s threat combines two key issues for him \u2014 punishing Europe for its crackdown on U.S. tech companies, plus gaining leverage over foreign nations through duties on goods imported into the U.S. market.<\/p>\n<p>He says Europe\u2019s regulations on tech companies are burdensome and unfair.<\/p>\n<p>\u201cThe European Union is at it again and, as usual, taking direct aim at GREAT American Companies! After having fined Apple, for no reason at all, 15 Billion Dollars, Meta, 3 Billion Dollars, Amazon 2.5 Billion Dollars, and many others, we have just been informed that Google, a truly advanced and amazing group, has been fined yet another 1 Billion Dollars, without explanation,\u201d he said.<\/p>\n<p>Mr. Trump\u2019s threat to slap new levies on EU products arrives one day after he set 10% to 12.5% tariffs on goods from 60 countries, saying they failed to enact or enforce rules against the importation of goods using forced labor.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=4868\">HUD opens civil rights probe into race-based university housing<\/a><\/p>\n<p>Critics of the move say tariffs increase prices for Americans since importers sometimes pass the cost of duties along to their customers.<\/p>\n<p>Small-business groups and free-market champions also faulted Mr. Trump for cracking down on forced labor on the same day a separate batch of tariffs expired, saying the administration seemed to prejudge the outcome of investigations.<\/p>\n<p>Mr. Trump on Friday said he was confident his latest investigation into the European Union would result in penalties.<\/p>\n<p>\u201cThe penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment,\u201d he wrote.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=4866\">DNC plan puts South Carolina on track to be first in 2028 nominating lineup<\/a><\/p>\n<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TRUMP on the EU: &#8220;The United States of America is not a &#8216;PIGGYBANK&#8217; for Europe, nor will we allow it to be!&#8221;<\/p>\n","protected":false},"author":1,"featured_media":4870,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[14,649],"class_list":["post-4871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-donald-trump","tag-european-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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