-
Alex Bodi and Prof. Dr Stefan Haupt agree to collaborate on a legendary art collection in Romania
-
Fresh Russian strikes on Ukraine's infrastructure kill seven
-
Stocks dip, oil rises as traders eye chances of Iran deal
-
Eriksen to return to Denmark after parting ways with Wolfsburg
-
Israel squeezing UN Palestinian refugee agency ahead of polls: chief
-
Brad Pitt says working with dog co-star was 'really moving'
-
Dutch to resume Eurovision with new broadcaster
-
Golan will remain Syrian, vows President al-Sharaa at UN
-
Man Utd losses jump despite record revenues
-
Blueberry Strengthens MENA Presence with CMA Category 5 License and Dubai Office Launch
-
Ethiopia's Tigray rebels seize airports, clash with govt forces
-
Russia probes bear attacks, as official says town under 'siege'
-
China prodigy wins third Games gold as North Korea weightlifters roar
-
Robertson tells Spurs to 'forget' past woes
-
China's Yu, 13, wins third Asian Games gold but has 'some regrets'
-
Italy police find 3 million euros stashed in mobster's house
-
Oil falls, stocks steady as Trump hails 'good' Iran talks
-
Renard versus Queiroz in AFCON qualifying blockbuster
-
UK sets up unit to combat disinformation from Russia, AI
-
Former Mexico boss Aguirre returns to Spain with Valencia
-
ICC convicts C.Africa rebel leader
-
China swimmer, 13, seals Games hat-trick as North Korea win first gold
-
China's Yu, 13, wins third gold with latest Asian Games record
-
China's Xi heads to US for talks with Trump: state media
-
UK says will revisit Chagos deal after latest Trump criticism
-
Azerbaijan pardons Frenchman after EU lifts sanctions on oligarchs
-
In first, French presidential candidate gives birth during campaign
-
Hadjar extends Red Bull contract for 2027 F1 season
-
Cambodia no 'safe haven' for cyberscams, PM says
-
Black Sea drone attacks spell terror for Turkish sailors
-
North Korea weightlifter sets three world records for Asian Games gold
-
Canada judge to decide prison term for suicide poison seller
-
A Full Moon for Every Child: STARTRADER's STARCARES Brings Support to SOS Children's Village Ho Chi Minh City
-
Weinstein faces resentencing in New York for 2006 sex assault
-
Meta leans into AI, smart glasses amid privacy pushback
-
Outgoing UN chief makes climate push at New York summit
-
Battered Duerer masterpiece up for five-year revamp
-
AI risks, Iran war to take center stage at UN
-
Trump met with Venezuela's interim leader at UN
-
Badminton no.1 An tells dad to keep it down at Asian Games
-
Malaysia furore after Najib wins conditional house arrest
-
Runaway leader Antonelli eyeing third straight win
-
Italy hope for new dawn under Mancini
-
Schoolgirl Yu, 13, fastest again in bid for third Asian Games gold
-
Mongolian herders enlist new tech against harsher, drier climate
-
Oil prices fall after Trump hails 'good' talks with Iran
-
Tata turmoil shines light on India succession woes
-
AI political ads warp reality ahead of US midterms
-
World Cup 'not enough' as Spain begin next chapter
-
Kenneth Branagh embraces action hero role -- to get in shape
Trump says EU to pay 'very big price' for Google fine
US President Donald Trump on Friday threatened to hit the European Union with tariffs and a formal trade investigation over Brussels' latest antitrust penalty against Google.
In a post on his Truth Social platform, Trump said the bloc "will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about."
He said he would "immediately initiate a 301 Investigation" into what he called the EU's practice of "ROBBING" American companies, and said he anticipated a "substantial TARIFF" on the bloc "at the earliest possible moment."
"The United States of America is not a 'PIGGYBANK' for Europe, nor will we allow it to be," he wrote.
Section 301 of the 1974 Trade Act allows Washington to probe foreign practices it deems discriminatory and retaliate with tariffs.
Trump's threat came a day after the White House announced sweeping new tariffs of 10 percent to 12.5 percent targeting 60 trading partners including the European Union.
The fresh duties took effect Friday after investigations, and relied on the same legal justification under Section 301 of the Trade Act.
Trump has been moving to rebuild his tariff wall -- and his ability to impose duties on short notice -- after the US Supreme Court struck down many of his levies in February.
- 'Committed' -
The European Commission on Thursday fined Google 890 million euros ($1 billion) for breaching the Digital Markets Act (DMA), the bloc's landmark law policing the conduct of dominant online platforms.
It was the first penalty imposed on the company under the legislation.
The Commission issued two separate decisions: a 460-million-euro fine for favoring Google's own shopping, hotel, transport and sports services in search results, and a 430-million-euro fine over restrictions that stopped app developers from steering users toward cheaper offers outside the Google Play store.
US Trade Representative Jamieson Greer had already criticized the decision on Thursday, saying the EU's enforcement action undermined "constructive dialogue" and posed a "real risk" to transatlantic trade stability.
Under the DMA, the Commission can fine Big Tech gatekeepers up to 10 percent of global annual turnover for breaches, and up to 20 percent for repeat offenses.
An EU official said Thursday's penalties amounted to just 0.22 percent of Google's turnover.
EU tech chief Henna Virkkunen insisted Europe would not back down from applying its laws, telling journalists: "We are very committed to our rules."
EU officials have repeatedly insisted that their digital rulebook is not aimed at American firms, though Washington repeatedly rejects that claim.
US technology giants have cultivated closer ties with the White House since Trump's return to office in January 2025, with several companies lobbying the president directly over European regulation.
The renewed tensions test the trade framework agreed between Washington and Brussels last year, which lowered US duties on European cars in exchange for concessions from the bloc.
Both sides struck the deal to avoid a painful trade war, and it cleared its final legal hurdles in the EU only recently.
L.Wyss--VB