European officials draft radical plan to take on Trump and U.S. tech companies

  • 📰 politico
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

In a bid to counter Trump, EU officials are proposing to unilaterally slap tariffs on the United States

European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook.

They’re also advocating for Europe to show more grit in Trump’s trade war, saying the EU should slap tariffs unilaterally on the United States. By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. The EU would use a so-called draft “Enforcement Regulation” if the Trump administration succeeds in its efforts to grind the World Trade Organization to a halt.the WTO of the judges it needs to operate the main global trade arbitration court.

The proposed new fund is the latest of several EU efforts to shape global technology markets over the past five years. Previous actions include stringent data privacy laws that have been adopted by many of the world’s largest companies and other markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can you link that report? I dont believe it until i see it. And if EU officials say something, it will take 2 years to implement

All this winning. And his lemmings will scream about socialism!!!

EU is unable to compete w/ US & China due to their socialist policies so they figure they'll tariff their way back into relevance. Go for it as it works both ways & US will do the same & we'll see who can last longer.

Please, EU_Commission it is time. We are really sick and tired of realDonaldTrump embarrassing us.

PuffDomino We are getting penalized because that orange idiot is out president

PuffDomino Oh boy!

bobmuellerwkrn That's all we need.

SylMinutola Why have they waited so long...

“We have the best people”...

So shortsighted of the EU. They should be aligning with the US against China’s mercantile practices. Instead they are consumed by selfish insecurities.

'European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook...'

Go for it ! Your puny economies have no effect.

He quit 2020 because he lies. He is going to prison. Black angel can not be stopped. Medicare 65 veterans social security unsub murder millions will die each year. He will die in prison. Russia in Kentucky Mitch & Mrs. McConnell Steve Mnuchin falseflag white house Bill Barr Judge

Russia WINS. Seriously. WTF PEOPLE. This isn’t a hard mental leap or calculation. ANYTHING THAT ACTS AS A WEDGE BETWEEN US AND OUR ALLIES IS DANGEROUS. And Russia/China will exploit it.

EU is just putting EU first like him is putting US first. trump really thinks he can bully EU they'll take it? 😆😂🤣 Too bad that BMWs, etc. will cost more for the rich who don't want US American cars and other luxury stuff.

Let us know how that works out for them

abledoc Hello EU: Call them the ''RandyAndy'' Tariffs of 2019 😂

Are you ready for a trade war with EU countries? i looks like it is coming and you will not win this one!

We have this coming!!

Oh snap 45⚡

🤣🤣🤣🤣

The United States has become the new Nazi Germany under Trump. The USA is now bullying the world and blaming groups of human beings in the country of causing problems for white people of a superior class.

The EU will love the price of Russian natural gas.

The EU want's a trade war? Bring it on!

Trump things he can hide from the global market lol he is really out of his mind. China was smart our government and conglomerates used there cheap labor. China intern steals tech. Nice trade off

Gird your loins folks. He’s gonna blow! 😤⚡️

That will end in tears

T-RUmp wanted a trade war. Seems as if he now has a few of them brewing.

So much winning... right, Donnie? TrumpEcononicCrisis GlobalEconomics ianbremmer paulkrugman tomfriedman wef RBReich

Be careful what you wish for EU! It will backfire on you!

I wondered what happened to Christine Gregoire...

If they want to hurt Americans yes, it would be better to slap tariffs on Trump properties and products and toss him out of the G-7 while letting the U.S. stay in.

Surprised it took this long.

Good

Just another reason for trump to pull america out of the EU. MAGA2020

Brexit

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German Europe Minister: Northern Ireland peace, EU single market non-negotiablePeace in Northern Ireland and the integrity of the EU single market are non-nego... So europe wants NI let them have it. Germany dictating terms to all of Europe. When have I heard that? What could go wrong No, but the Collider can spin Gold. 2 Tons a crack! Cracker!
Source: Reuters - 🏆 2. / 97 Read more »