Trump threatens tariffs, says EU will ‘pay a big price’ over fines on U.S. tech giants

Jul 24, 2026, 4:49 PM ETMeta Platforms, Inc. (META) Stock, AAPL Stock, AMZN Stock, AMZN:CA Stock, META:CA Stock, GOOG Stock, GOOGL Stock, GOOG:CA StockBy: Sara Sethiya, SA News Editor

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President Donald Trump said on Friday that his administration will launch a Section 301 investigation into the European Union (EU) over what he called unfair penalties on U.S. technology companies.

In a post on Truth Social, Trump accused the EU

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