-
Spain to cap gas price hikes, extend fuel discounts
-
Stocks move sideways despite oil moving lower
-
'We just need rain': Germany's Rhine river hits new low
-
African leaders to gather in Egypt for business summit
-
Yemen health system at 'breaking point': WHO
-
UK decides against charging foreign visitors for museums
-
Ireland undecided on second Israel match: coach
-
Dallaglio to sell England World Cup winners' medal
-
France's Le Pen defiant after top ally hit by antisemitism claims
-
Brazil come from behind to beat Australia 4-2 in friendly
-
Tom Cruise trades stunts for satire as toxic tycoon 'Digger'
-
Ruthless An retains Asian Games badminton crown as Kunlavut triumphs
-
MEXC Unveils "WE SEE YOU" Brand Visual Refresh, Putting People Behind Every Trade in Focus
-
Alonso to stay with F1 team Aston Martin in 2027
-
Thai capital cleans up after deadly floods
-
China badminton 'still strong' despite Asian Games slump
-
NATO, EU allies rally to Estonia after 'sabotage' blamed on Russia
-
'Exceptional' Turner painting shown in Rome before sale
-
Families demand justice for Cameroon's 'nightmare' wave of murdered women
-
European stocks climb as oil dips
-
Tebas says Man City should face 'most severe' sanctions if guilty of rule breaches
-
Spain aims to ban evictions until 2030 amid housing protests
-
Pochettino calls Man City success 'a period of deception'
-
Kunlavut first Thai man to win Asian Games badminton singles gold
-
Settler attack on West Bank village injures Israeli forces, drawing rare rebuke
-
French far right says antisemitism claims part of 'total war' to derail presidency bid
-
Mystery over UK airbase scare after reports no explosives found
-
'Gift from God': Rain brings relief from Indonesia toxic haze
-
Spanish govt races to adopt housing law under protest pressure
-
Ex-world snooker champion jailed for 7 years for child sex crimes
-
Estonia slams Russian 'sabotage' after arson attack on defence company
-
French teens clash with police as school blockades intensify
-
Slovenia sees surge in '.si' sites after Trump hypes 'super intelligence'
-
FIFA accuses UEFA of 'misinformation campaign' in bid for World Cup papers
-
'Like a dream' for An as Games organisers 'sorry' for latest mix-up
-
Myanmar airstrike toll hits 50 as families gather dead
-
Tokyo suffers longest streak of rainy days on record
-
STARTRADER Raises Lloyd's of London Client Fund Insurance to USD 30 Million in Aggregate
-
Indonesia charges train driver over crash that killed 16 women
-
North Korean DMZ landmine blasts 'violation of armistice': Seoul
-
Ruthless An makes history to retain Asian Games badminton crown
-
Sabalenka 'fresh' for first tournament since losing No.1 spot
-
Australian central bank lifts key interest rate to 15-year high
-
Myanmar airstrike death toll rises to 50: aid workers
-
Polo makes landfall in Mexico as Category 3 hurricane
-
North Korean DMZ landmine blast 'violation of armistice'
-
South Korea team latest to be bussed to wrong Asian Games venue
-
South Korea volleyball team latest to be bussed to wrong Games venue
-
Bears thrash Eagles 27-7 as third-string QB Keenum shines
-
Malaysia starts sending Myanmar migrants home
Trump says EU to pay 'very big price' for Google fine
US President Donald Trump on Friday threatened to hit the European Union with tariffs and a formal trade investigation over Brussels' latest antitrust penalty against Google.
In a post on his Truth Social platform, Trump said the bloc "will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about."
He said he would "immediately initiate a 301 Investigation" into what he called the EU's practice of "ROBBING" American companies, and said he anticipated a "substantial TARIFF" on the bloc "at the earliest possible moment."
"The United States of America is not a 'PIGGYBANK' for Europe, nor will we allow it to be," he wrote.
Section 301 of the 1974 Trade Act allows Washington to probe foreign practices it deems discriminatory and retaliate with tariffs.
Trump's threat came a day after the White House announced sweeping new tariffs of 10 percent to 12.5 percent targeting 60 trading partners including the European Union.
The fresh duties took effect Friday after investigations, and relied on the same legal justification under Section 301 of the Trade Act.
Trump has been moving to rebuild his tariff wall -- and his ability to impose duties on short notice -- after the US Supreme Court struck down many of his levies in February.
- 'Committed' -
The European Commission on Thursday fined Google 890 million euros ($1 billion) for breaching the Digital Markets Act (DMA), the bloc's landmark law policing the conduct of dominant online platforms.
It was the first penalty imposed on the company under the legislation.
The Commission issued two separate decisions: a 460-million-euro fine for favoring Google's own shopping, hotel, transport and sports services in search results, and a 430-million-euro fine over restrictions that stopped app developers from steering users toward cheaper offers outside the Google Play store.
US Trade Representative Jamieson Greer had already criticized the decision on Thursday, saying the EU's enforcement action undermined "constructive dialogue" and posed a "real risk" to transatlantic trade stability.
Under the DMA, the Commission can fine Big Tech gatekeepers up to 10 percent of global annual turnover for breaches, and up to 20 percent for repeat offenses.
An EU official said Thursday's penalties amounted to just 0.22 percent of Google's turnover.
EU tech chief Henna Virkkunen insisted Europe would not back down from applying its laws, telling journalists: "We are very committed to our rules."
EU officials have repeatedly insisted that their digital rulebook is not aimed at American firms, though Washington repeatedly rejects that claim.
US technology giants have cultivated closer ties with the White House since Trump's return to office in January 2025, with several companies lobbying the president directly over European regulation.
The renewed tensions test the trade framework agreed between Washington and Brussels last year, which lowered US duties on European cars in exchange for concessions from the bloc.
Both sides struck the deal to avoid a painful trade war, and it cleared its final legal hurdles in the EU only recently.
J.Bergmann--BTB