ReutersJul 19, 2018 23:03:36 IST
US president Donald Trump on 19 July criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google.
EU officials on 18 July also ordered Google to stop using its popular Android mobile operating system to block its rivals, adding to trade tensions between Washington and Brussels.
European Commission President Jean-Claude Juncker is scheduled to meet with Trump at the White House on 25 July to discuss trade and other issues.
“I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google. They truly have taken advantage of the US, but not for long!” Trump said in a post on Twitter.
I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google. They truly have taken advantage of the U.S., but not for long!
— Donald J. Trump (@realDonaldTrump) July 19, 2018
Google said it would appeal the EU decision. The 4.34 billion euro ($5 billion) fine is nearly double the previous penalty that the company was ordered to pay last year, but it represents a little more than two weeks of revenue for its parent company, Alphabet.