By Kim Mackrael
European tech regulations are barriers to trade that disproportionately affect American companies, according to a U.S. trade report published one day before President Trump's planned reciprocal tariffs.
The European Union applies some of its toughest digital rules to the world's biggest companies and online platforms, including Google, Apple and Meta Platforms. The U.S. trade report said the rules put a disproportionate burden on American companies and have resulted in what it called "excessive fines" for violating a law that aims to make it easier for smaller companies to compete against tech giants.
Meta and Apple are expected to face fines and cease-and-desist orders under that law, The Wall Street Journal has reported, although no fines had been issued at the time of the U.S. trade report's publication. Meta pressed U.S. trade officials in recent weeks to fight against the EU decision against the company, marking one of Chief Executive Mark Zuckerberg's first specific requests of the Trump administration, the Journal reported.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 01, 2025 19:45 ET (23:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments