Picture from Facebook: The White House
President Trump announced the launch of a trade investigation against the European Union under Section 301, angered by sanctions against Google and other US technology companies, and warned of the likelihood of imposing high tariffs on EU imports.
On July 25, 2569 at 03.19:XNUMX p.m., CNBC news agency reported that Donald Trump, President of the United States announced that The United States will launch a trade investigation against the European Union (EU) under Section 301 of the 1974 Trade Act in retaliation for the EU's sanctions on major US technology companies, stating that the investigation is likely to lead to substantial tariffs on goods from all 27 EU member states.
Trump posts via Truth Social Accused the EU of... They are robbing American companies, and ultimately, robbing American taxpayers, particularly targeting the European Commission's recent fine of approximately €890 million (around US$1 billion) against Google for alleged violations of the Digital Markets Act (DMA), which aims to curb the market power of large tech companies.
Trump also mentioned the sanctions the EU had previously imposed on Apple, Meta, and Amazon, and affirmed that such behavior would not happen again under his administration.
"The United States is not Europe's piggy bank, and we will not allow that."
Trump stated that the U.S. government would immediately begin an investigation under Section 301, a law that empowers the U.S. government to impose trade measures, including tariffs, if it finds that a trading partner is pursuing policies that unfairly burden or discriminate against the U.S. in terms of trade.
Section 301 is the same tool the Trump administration recently used to announce import tariffs of 10-12.5% on goods from over 80 countries, citing issues of forced labor, including EU member states.
However, just hours after the measure went into effect, the Liberty Justice Center filed a lawsuit in the U.S. International Trade Court on behalf of two small businesses, arguing that the government was using Section 301 to reinstate the “Liberation Day” tariff that the U.S. Supreme Court had previously ruled to have overturned.
side European Commission Explain that The sanctions against Google were not without reason, as Trump claimed, but resulted from an investigation that found the company did not comply with the requirements of the Digital Markets Act, which is designed to prevent large digital platforms from using their market dominance to gain an unfair advantage over competitors or consumers.
Trump insisted that the EU would pay a heavy price for what he called "extremely illegal and unethical actions" against U.S. technology companies, stating that all EU sanctions must be lifted and that the U.S. is expected to announce retaliatory tariffs against the EU soon.
"Stay tuned." Trump concluded by saying...
refer : www.cnbc.com
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