Trump vows to investigate EU over fining of US tech companies

Donald Trump says the US will launch an investigation into the European Union and threatened a fresh tariff over fines handed to some of the biggest American tech companies.

It comes days after the European Commission fined Google €890m ($1bn) for operating in a way that squeezed out competitors to its services.

In a post to Truth Social, which Trump owns, the US president said the EU would pay a "very big price" over how it had treated Google, along with other major US tech companies Apple, Meta, and Amazon, which have also been investigated.

"The United States of America is not a "PIGGYBANK" for Europe, nor will we allow it to be!" he wrote.

Trump said any fines should be "entirely reversed" and that he was initiating a trade investigation of the EU while considering "a substantial TARIFF". ---More...

President Trump:

The European Union is at it again and, as usual, taking direct aim at GREAT American Companies! After having fined Apple, for no reason at all, 15 Billion Dollars, Meta, 3 Billion Dollars, Amazon 2.5 Billion Dollars, and many others, we have just been informed… pic.twitter.com/GYwfvybcEG

— Open Source Intel (@Osint613)July 24, 2026

After having fined Apple, for no reason at all, 15 Billion Dollars, Meta, 3 Billion Dollars, Amazon 2.5 Billion Dollars, and many others, we have just been informed that Google, a truly advanced and amazing group, has been fined yet another 1 Billion Dollars, without explanation. This brings the Google total to over 18 Billion Dollars!

This illegal and highly discriminatory practice started at these high levels during the first year of the Sleepy Joe Biden Administration, but it’s not going to continue during the Trump Administration. Please let this TRUTH serve to represent that we will immediately initiate a 301 Investigation into the practice of “ROBBING” American Companies and, in turn, the American Taxpayer. The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about. The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment.