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2w ago

EU Weighs Big Tech Data Regulations in Response to US Tariffs

Tensions escalate as the European Union considers targeted countermeasures to President Trump's 20% tariffs on EU imports, with negotiations still on the table.

The European response to the massive tariffs announced by US President Donald Trump may go beyond tariffs, French Economy Minister Eric Lombard said on April 4, 2025, referring to standards, data exchange, and tax tools.
Trade chief Maros Sefcovic said the EU would weigh its response to a 'paradigm shift of the global trading system'

Overview

  • US President Donald Trump announced 20% tariffs on EU imports on April 3, 2025, framing it as a move to strengthen the US economy.
  • The European Union is exploring countermeasures, including regulating data usage by American big tech companies and imposing selective tariffs.
  • French finance minister Eric Lombard emphasized the EU's intent to avoid broad retaliatory measures, focusing instead on targeted industrial sectors.
  • Lombard also expressed hope that the trade dispute could be resolved through negotiations, despite escalating tensions.
  • Elon Musk has advocated for a 'zero tariff situation' and a US-Europe free trade zone as a long-term solution.