President Donald Trump delivered a provoking video speech at the World Economic Forum in Davos, Switzerland, targeting the European Union for unjustly squeezing American tech giants like Apple, Google, and Meta for tens of billions of dollars.
Specifically, Trump highlighted Apple’s tax case in Ireland, where they were slapped with a €13 billion fine, and Google faced fines running into the thousands of euros. In his remarks, Trump accused the EU of attempting various forms of taxation, including through fines in different legal cases, emphasizing the importance of the United States raising complaints with the EU.
Source – Bloomberg, TechCrunch
TLDR: President Trump accuses the EU of unfairly targeting American tech companies for hefty fines, emphasizing the need for the US to voice complaints against the EU.
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