Trump: The EU's huge fines on US tech companies are extremely unfair
AI Summary1 min read
TL;DR
Trump criticizes EU's massive fines on US tech giants as unfair and discriminatory, citing €3.8 billion in fines versus €3.2 billion in European tech taxes in 2024.
Tags
MEYAppleTrumpEU finesUS tech companiesdiscriminationtaxation
Odaily Odaily reports that US President Trump posted on Truth Social, stating that the EU's massive fines against US tech companies are extremely unfair and discriminatory against American technological excellence and taxation. According to related charts and data, in 2024, the EU's total fines against US tech companies reached €3.8 billion, while the total income tax of all listed European internet tech companies in the same period was only €3.2 billion. Currently, US tech giants such as Apple, Google, and Meta are facing billions of euros in fines or back taxes from the EU.