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EU Fines Google $3.45 Billion in Antitrust Case, Sparking U.S. Backlash
EU Fines Google $3.45 Billion in Antitrust Case, Sparking U.S. Backlash
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BTCCSquare news:
The European Commission levied a $3.45 billion antitrust fine against Google for anti-competitive practices in the adtech market. Regulators accused the tech giant of favoring its own advertising services, harming rivals and publishers. Google must address conflicts of interest within 60 days but rejected the ruling as unjustified, warning of potential harm to European businesses.
Former U.S. President Donald TRUMP condemned the EU's action, calling it discriminatory against American tech firms. He threatened a Section 301 trade investigation to counter penalties imposed on Google and Apple, framing the fines as a drain on U.S. jobs and innovation. The dispute risks reigniting trade tensions between the U.S. and EU.
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