SUMMARYPresident Trump threatened to impose a substantial new tariff on the European Union after Brussels fined Google more than $1 billion over alleged illegal trade practices. The warning came one day after U.S. Trade Representative Jamieson Greer said the EU’s action could strain relations with the White House and put the Turnberry tariff deal at risk.
President Trump threatened a "substantial" new tariff on the European Union after Brussels fined Google more than $1 billion over alleged illegal trade practices. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump wrote on Truth Social. "The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment." Politico reports: The president's threat came just a day after U.S. Trade Representative Jamieson Greer warned that the EU's action against Google -- two fines totaling over $1 billion -- could imperil the bloc's relationship with the White House. At risk: the Turnberry deal, which Trump and European Commission President Ursula von der Leyen signed last fall, that capped U.S. tariffs on EU exports at 15 percent. [...] But the president's social media post could signal a coming breach. "The United States of America is not a 'PIGGYBANK' for Europe, nor will we allow it to be!" Trump wrote.