Trump blasts EU regulators for targeting Meta, Apple and other US tech giants
Posted by:
James Thompson
President Trump has criticized the European Union’s substantial fines imposed on American tech giants, referring to them as “a form of taxation.” These fines have targeted companies like Apple, Meta, and Google. Meta alone has faced $2.67 billion in fines for breaching General Data Protection Regulation (GDPR) rules since 2022. Trump expressed discontent at the World Economic Forum in Davos, highlighting strong objections to the EU’s actions against American companies. The EU has levied hefty fines against these tech giants for various infringements, such as data privacy violations and anti-competitive practices. The pressure is mounting as ongoing investigations under the EU’s Digital Markets Act could result in fines up to 10% of the companies’ global annual revenue. It’s important to note that while the EU has stringent data protection regulations, the US lacks a comprehensive federal privacy law, with only some states enforcing their own data protection measures.
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