Zürcher Nachrichten - Trump says EU to pay 'very big price' for Google fine

EUR -
AED 4.183233
AFN 72.900796
ALL 91.877285
AMD 414.797448
ANG 2.039348
AOA 1045.665194
ARS 1736.794975
AUD 1.614555
AWG 2.050323
AZN 1.940938
BAM 1.955317
BBD 2.295033
BDT 140.215334
BGN 1.917554
BHD 0.429594
BIF 3432.051477
BMD 1.139068
BND 1.45584
BOB 13.964547
BRL 5.909605
BSD 1.139418
BTN 109.116023
BWP 15.516164
BYN 3.442749
BYR 22325.7403
BZD 2.291733
CAD 1.610017
CDF 2665.420428
CHF 0.943457
CLF 0.027745
CLP 1095.522249
CNY 7.646851
CNH 7.670833
COP 3814.157008
CRC 518.071915
CUC 1.139068
CUP 27.347239
CVE 110.237745
CZK 24.358299
DJF 202.909834
DKK 7.475483
DOP 67.763247
DZD 152.818218
EGP 58.990316
ERN 17.086026
ETB 184.850299
FJD 2.559772
FKP 0.85991
GBP 0.859642
GEL 2.97871
GGP 0.85991
GHS 13.234728
GIP 0.85991
GMD 83.725913
GNF 10021.522331
GTQ 8.701849
GYD 238.411056
HKD 8.933148
HNL 30.583439
HRK 7.533575
HTG 149.123132
HUF 365.202455
IDR 20405.384913
ILS 3.471949
IMP 0.85991
INR 109.142689
IQD 1492.730945
IRR 1565734.922454
ISK 136.984803
JEP 0.85991
JMD 180.27543
JOD 0.807645
JPY 179.112853
KES 147.67349
KGS 99.609484
KHR 4633.85435
KMF 493.217009
KPW 1025.161906
KRW 1542.572403
KWD 0.351563
KYD 0.949565
KZT 504.7852
LAK 25558.681004
LBP 102039.372314
LKR 376.226984
LRD 195.991544
LSL 18.590804
LTL 3.363373
LVL 0.689012
LYD 7.285199
MAD 10.934597
MDL 20.225999
MGA 5030.756222
MKD 61.55978
MMK 2391.317037
MNT 4096.276898
MOP 9.206124
MRU 45.840667
MUR 54.140351
MVR 17.599037
MWK 1975.811511
MXN 20.230285
MYR 4.640683
MZN 72.79829
NAD 18.590804
NGN 1510.837951
NIO 41.929634
NOK 10.830092
NPR 174.585836
NZD 1.992947
OMR 0.439191
PAB 1.139418
PEN 3.868244
PGK 5.076745
PHP 71.01754
PKR 315.746636
PLN 4.37146
PYG 6716.339487
QAR 4.153473
RON 5.27298
RSD 117.420969
RUB 96.076247
RWF 1684.083636
SAR 4.278242
SBD 9.11313
SCR 15.790949
SDG 685.153819
SEK 11.296996
SGD 1.456189
SHP 0.859999
SLE 28.078458
SLL 23885.685201
SOS 651.238991
SRD 42.905863
STD 23576.41575
STN 24.493944
SVC 9.970535
SYP 14810.167401
SZL 18.586405
THB 38.01645
TJS 10.511601
TMT 3.99813
TND 3.373266
TOP 2.742603
TRY 55.748859
TTD 7.750084
TWD 36.141163
TZS 3024.152324
UAH 51.024285
UGX 4462.896617
USD 1.139068
UYU 45.648714
UZS 13485.665874
VES 970.977713
VND 29588.440307
VUV 134.85231
WST 3.127566
XAF 655.957
XAG 0.017716
XAU 0.000265798393
XCD 3.07839
XCG 2.053592
XDR 0.80538
XOF 655.957
XPF 119.331742
YER 269.560946
ZAR 18.44193
ZMK 10252.986409
ZMW 22.227505
ZWL 366.779554
SSP 6507.03282
MXV 2.292485
  • AZN

    2.0200

    166.58

    +1.21%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • BTI

    -0.3900

    55.63

    -0.7%

  • GSK

    -0.4100

    49.24

    -0.83%

  • BP

    -0.2600

    44.15

    -0.59%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • RIO

    0.0900

    94.56

    +0.1%

  • NGG

    0.2600

    75.49

    +0.34%

  • BCE

    -0.3300

    20.97

    -1.57%

  • RELX

    0.0100

    33.52

    +0.03%

  • BCC

    1.0400

    77.14

    +1.35%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • VOD

    0.1300

    16.62

    +0.78%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • JRI

    -0.1500

    11.02

    -1.36%

Trump says EU to pay 'very big price' for Google fine
Trump says EU to pay 'very big price' for Google fine / Photo: Nicolas TUCAT - AFP/File

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.

Text size:

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.

T.L.Marti--NZN