The EU's costly trade war with the US

 Newsmax:

President Donald Trump put the European Union on notice for levying multibillion-dollar fines against American technology companies, warning potential reciprocal trade action if such penalties continue.

"Europe today 'hit' another great American company, Google, with a $3.5 billion dollar fine, effectively taking money that would otherwise go to American investments and jobs," Trump wrote on Truth Social. "This is on top of the many other fines and taxes that have been issued against Google and other American Tech companies, in particular.

"Very unfair, and the American taxpayer will not stand for it!"

Trump has been calling out what he sees as unfair trade practices throughout the world, especially by Europe.

"As I have said before, my administration will not allow these discriminatory actions to stand," Trump wrote. "Apple, as an example, was forced to pay $17 billion dollars in a fine that, in my opinion, should not have been charged — they should get their money back!

"We cannot let this happen to brilliant and unprecedented American ingenuity and, if it does, I will be forced to start a Section 301 proceeding to nullify the unfair penalties being charged to these taxpaying American companies.

"Thank you for your attention to this matter!"

Section 301 of the U.S. Trade Act of 1974 empowers the U.S. to investigate and retaliate against foreign trade practices it deems unfair, often through tariffs or other penalties.

 In a follow-up post, Trump noted further past EU penalties imposed on Google totaling $16.5 billion.

"In addition to my previously posted Truth concerning Google, please let this statement serve to represent that Google has also paid, in the past, $13 billion dollars in false claims and charges for a total of $16.5 billion dollars," Trump wrote.

...

The fines against Google look ridiculous.   American companies should be allowed to compete in the marketplace and not have to pay ridiculous amounts to foreign governments to do so.  The European companies should compete on the merits and not rely on rigging the system against competing American entities.  

 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more

Apple's huge investment in US including Texas facility

Blaze: Apple announced a $500 billion commitment to infrastructure in the United States over four years, its largest commitment to domestic spending to date. Apple said it will expand teams and facilities in Arizona, California, Iowa, Michigan, Nevada, North Carolina, Oregon, Texas, and Washington as part of its new spending. With a new facility in Houston, Texas, Apple will reportedly double its investment in advanced manufacturing along with increasing investments in AI and silicon engineering. The company said in a press release that the Houston facility will produce servers to support Apple Intelligence, the "personal intelligence system that helps users write, express themselves, and get things done." ... The Texas facility will be for advanced technologies.   Texas has become a place that is very supportive of the tech industries.  Austin and Houston have seen much of the tech growth in the state.  Texas universities have been active in the AI field.
Read more