U.S. President Donald Trump, dissatisfied with the latest fine imposed on Google by the European Union, threatened on the 24th to impose tariffs and initiate a formal trade investigation against the EU.
He posted on social media platform 'Truth Social', stating that the EU 'will pay a very heavy price for such illegal and highly unethical behavior, and I have always warned them about the consequences of doing this.'
He stated that a Section 301 investigation would be immediately launched against the EU for its 'plundering' of American businesses, and expects to impose 'substantial tariffs' on the EU as soon as possible.
He said: 'The United States is not Europe's piggy bank, and we will not allow this to continue.'
The U.S. Trade Act of 1974 Section 301 authorizes the government to investigate what it considers discriminatory foreign trade measures and allows it to respond by imposing tariffs and other measures.
On the 23rd, the European Commission announced that it had fined Google a total of 890 million euros (about 4.141 billion ringgit) for violating the Digital Markets Act.