US President Donald Trump blasted European Union regulators for targeting Apple, Alphabet's Google and Meta, describing theircases against American companies as "a form of taxation."
From a report: The EU has established a reputation globally for its aggressive regulation of major technology companies, often sparring with major social media platforms, such as Facebook and X, over content moderation, and the likes of Apple and Google over antitrust concerns. "These are American companies whether you like it or not," Trump said in comments at the World Economic Forum in Davos.
"They shouldn't be doing that. That's, as far as I'm concerned, a form of taxation. We have some very big complaints with the EU." Trump specifically referenced a court case that Apple lost last year over a $14.4 billion Irish tax bill. The EU's Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving Apple an unfair advantage, requiring Ireland to claw back the money that had been sitting in an escrow account pending the final ruling.
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