President Donald Trump isn’t happy with how European Union regulators have treated U.S.-based tech companies including: Google, Meta, and Apple.
On stage at the World Economic Forum in Davos, Trump put EU regulators on blast. He said that the EU’s cases against these U.S. tech companies are “a form of taxation,” according to Bloomberg reporting.
Trump specifically pointed out a court case that Apple lost last year regarding a €13 billion tax bill in Ireland. In 2024, the EU’s Court of Justice in Luxembourg found that Apple had benefitted from illegal tax breaks in Ireland between 1999 and 2014 and was forced to pay back taxes.
Bloomberg predicted that this is just the start of a fiery back and forth between the Trump Administration and the EU that could span the entirety of his second term.
Google, Meta, and Apple are all currently being investigated for potential violations of the EU’s Digital Markets Act.
President Trump on Thursday called out the European Union for its antitrust battles with American tech giants, saying the billions of dollars in fines they'
In a significant development for the AI landscape, OpenAI, SoftBank, Oracle, and MGX have launched an ambitious collaboration
OpenAI, SoftBank, Oracle and others form joint venture called ‘The Stargate Project’ – to build $500 billion AI infrastructure in US
President Trump has warned Britain and other major economies that they face reprisals over taxes that hit American tech giants and other multinational companies