On January 24th, US President Donald Trump criticized EU regulators for targeting Apple, Alphabet Inc.’s Google, and Meta, stating that the EU’s accusations against US companies are “a form of taxation”. Whether you like it or not, these are American companies, “Trump said in his speech at the World Economic Forum in Davos. They shouldn’t have done this. In my opinion, this is a form of taxation. We have great dissatisfaction with the EU, “Trump specifically mentioned that Apple lost a lawsuit involving a 13 billion euro Irish tax bill in the EU court last year. The European Court of Justice in Luxembourg supported a landmark ruling in 2016, which ruled that Ireland had given Apple an unfair advantage and violated state aid laws. This statement marks the beginning of the expected conflict between Trump and the European Union over technology regulation. The European Union is conducting dozens of independent investigations, and Apple, Google, Meta, and Trump’s close friend Elon Musk’s X platform may all face billions of dollars in fines or even forced divestment orders.
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