The White House on Wednesday condemned EU fines on Apple and Meta Platforms, labeling them a “novel form of economic extortion” that the U.S. will not accept. On Wednesday, EU antitrust regulators imposed fines of €500 million ($570 million) on Apple and €200 million on Meta, marking the first penalties under the EU’s Digital Markets Act regulatory regime.
Steve Holland and Kanishka Singh for Reuters:
The fines were seen as a development that could stoke tensions between the EU and U.S. President Donald Trump who has threatened to levy tariffs against countries that penalize American companies.
The White House on Wednesday called the legislation, the Digital Markets Act (DMA), discriminatory… “This novel form of economic extortion will not be tolerated by the United States,” a White House spokesperson said. “Extraterritorial regulations that specifically target and undermine American companies, stifle innovation, and enable censorship will be recognized as barriers to trade and a direct threat to free civil society.”
MacDailyNews Take: Economic extortion, it is.
As we wrote yesterday, “Of course Apple should appeal the ludicrous demand that it should be forced to allow developers to abuse its App Store to post free advertisements for lower prices elsewhere.”
The European Union arose because the Europeans couldn’t compete on their own with the rest of the world, so they each lined up to surrender their national sovereignty, unique cultures, and dignity for an undemocratic, opaque, wasteful, bloated, bureaucratic quasi-governmental blob – and, even with the EU’s thumbs all over the scale, they still can’t compete. — MacDailyNews, March 4, 2024
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nobody is listening to trump. Apple Pay it.
BOB isn’t listening to Trump and CANNOT concieve that Trump’s statement has veracity.
TDS is real. Emergency Use Authorization needed immediately for mind-saving vax.
All companys have to follow the law!
The claim of extortion doesn’t equate/predict the breaking of ANY law, John.
You too are suffering from the Syndrome.
Anyone how believes TDS is a thing, needs help !!
The Common Market came into existence with 6 Nations putting together a Trading Bloc that would stop War between France & Germany and encourage trade.
Exactly what Trump is trying to tear down.
I am pissed off at incompetent Administration Members complaints about the EU when it’s clear they have no idea about what they are talking about. We have standards and free speech but what we don’t want is the “free speech” promoted by Trumpers that also includes Hate Speech exemplified by the Nazi’s Kultur.
And American Companies should pay their taxes in the countries in which they operate not as they do now.
The sooner we see the GOP go the better. I for one will never understand why people who are shafted by Trump in front of their faces still believe in him.
He’s only there for the rich 1%. But 99% of you don’t get it.
Oh and return the Statue of Liberty. You no longer deserve it.
“The sooner we see the GOP go the better.”
Speaking of nazi and one w/ absolutely zero self-awareness.
How can you believe anything from President Onagain-Offagain who changes his position like he changes his underwear.