Trump Criticizes $3.5B EU Fine Against Google (GOOGL), Threatens Action

President Trump criticized Europe’s $3.5 billion fine against Google (GOOGL), calling it an attack on American companies and threatening a Section 301 investigation. He referenced Apple’s $17 billion fine, saying such penalties unfairly target U.S. innovation and jobs. Google has already paid $13 billion in past penalties, bringing the total to $16.5 billion.

Trump vowed not to allow EU’s “discriminatory actions” to stand and threatened to take further action. This is a developing story and may be updated with more details. Relevant companies involved are Google (GOOGL) and Apple (AAPL).