EU strikes Google with $1 billion fine in major crackdown on antitrust regulations even as Trump threatens retaliation
It has done so despite the risk of incurring the wrath of President Donald Trump, who has lashed out at the 27-nation bloc’s digital regulations amid a broader campaign against Europe: imposing high tariffs, making threats to seize Greenland from Denmark by force, and rattling trust within the NATO military alliance. In the past, Trump has threatened retaliation if American tech companies are penalized. Google had recently lost its appeal of a $4.5 billion antitrust fine imposed by the EU for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system.
- ▪It has done so despite the risk of incurring the wrath of President Donald Trump, who has lashed out at the 27-nation bloc’s digital regulations amid a broader campaign against Europe: imposing high tariffs, making threats to seize Greenlan
- ▪In the past, Trump has threatened retaliation if American tech companies are penalized.
- ▪Google had recently lost its appeal of a $4.5 billion antitrust fine imposed by the EU for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system.
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The European Union on Thursday hit Google with a fine of 890 million euros ($1 billion) after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers towards its own services and apps to the detriment of competitors.Recommended Video It was the latest major crackdown on Big Tech by Brussels, which has led the world in reining in some of the world’s largest companies from Silicon Valley to Beijing.
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