Trump Criticizes EU Fines on U.S. Tech Giants as 'Taxation'

At the World Economic Forum in Davos, President Trump condemned EU regulators for imposing hefty fines on American tech companies, calling the actions unfair and economically damaging.

President Trump, speaking virtually at the World Economic Forum in Davos, criticized the European Union for imposing significant fines on U.S. tech companies like Apple, Google, and Meta.
Trump described the EU's actions as a 'form of taxation' targeting American corporations and suggested the U.S. has 'big complaints' with the bloc over its treatment of U.S. firms.
The EU has fined Apple €13 billion in back taxes to Ireland and an additional €2 billion over antitrust issues, along with penalties for Google, Meta, and others in recent years.
Trump’s comments signal a potential escalation in economic tensions between the U.S. and the EU during his second term, with tariffs on European goods also being considered.
Critics suggest that Trump’s stance aligns with the interests of Silicon Valley, as major tech CEOs have fostered closer relationships with the president following his re-election.