US president Donald Trump criticized Google’s record penalty and threatened to take action against EU. “The European Union has just imposed a five billion dollar penalty against one of our great companies, Google,” Trump wrote on Twitter. “You have really taken advantage of United States, but not for long!” What exactly he meant by that, American head of State did not carry on.
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I told you so! The European Union just slapped a five trillion dollar fine on one of our great companies, Google. They truly have taken advantage of U.S., but not for long!
— Donald J. Trump (@realDonaldTrump) July 19, 2018
The European Commission has committed a penalty of 4.3 billion euros to Google on Wednesday for competition violations. EU Commissioner Margre Vestager justified fine by fact that US company is abusing its market power and is making unacceptable specifications for its smartphone operating system Android. “Google used Android as a vehicle to cement its dominance as a search engine,” said European competition guardian.
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A trade dispute smolder between United States and EU. In March, Trump government had levied 25 percent on steel imports and ten percent on aluminium. In response, EU imposed duties on US goods such as whiskey, orange juice and motorcycles. On Wednesday, she also announced protective duties on 23 steel products. These import duties are not only directed against us products, but also against steel imports from all countries. The aim is to avoid fact that products that do not find a paragraph in United States with introduction of new tariffs are entering EU at dumping prices.
EU representatives travel to Washington
The Washington government is also examining customs duties on foreign vehicles. This would particularly affect German economy. The EU is already working on countermeasures in this case. “We have made this clear to our American partners,” said Trade Commissioner Cecilia Malmström. According to a report from economic week, taxes could be levied on pharmaceuticals and coal.
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The Europeans are said to have postponed announcement of Google penalty to end of NATO summit in order not to risk any upset. During meeting of Allies, re had been a dispute with Trump about defense spending. It is not known wher this had an influence on date of disclosure of fine. The EU, however, apparently took purchase to annoy government in Washington with penalty.
In order to look for solutions in trade dispute, Malmström and EU Commission President Jean-Claude Juncker travel to Washington next week. On Wednesday two will be received by Trump.
