In recent years, Brussels has conducted a bitter economic war against America’s most successful companies: Google, Apple, Facebook and Amazon. Brussels uses an array of fines, investigations and even forcing the companies to hand over key technologies in return for exemption from other regulations. Brussels even has imposed a number of very far-reaching rules that are nothing more than a large scale expropriation of their IP. Google, Apple, Facebook and Amazon have already had to pay out to the European Union many billions of dollars, not because they failed in any way to come up with better products and services than their competitors, but because Brussels’ draconian rules and regulations are so difficult for them to comply with.
President Trump saw it and said enough.
When on July 24th the US President Donald Trump announced the opening of a Section 301 investigation concerning the campaign of fines and regulation of large tech companies by Europe, he started by criticizing the European Commission’s latest move against Google. In two separate decisions Google has been fined for almost $1 billion for alleged breaches of the Digital Markets Act. The US President called those fines “another example of Europe robbing American companies and, in turn, the American taxpayer”.
U.S. Trade Representative Jamieson Greer laid out the reasons why a Section 301 investigation into the EU’s fines on Google and other big tech companies is fully warranted. “The European Commission’s practices with respect to Google amount to de facto forced technology transfer and intellectual property theft, supported by unfair and unreasonable financial penalties,” Greer said in a statement. He noted that Google’s EU fines alone would total more than two percent of the EU’s annual budget.
More than seven weeks have now passed since Trump gave his Trade people their instructions concerning the EU’s ‘robbing’ of American technology companies.
Hellbound and Down 