Sou Hu Cai Jing·2025-07-02 08:13Group 1 - The European Union (EU) imposed significant fines on Apple and Meta, with Apple fined €500 million and Meta €200 million, citing violations of the EU's Digital Markets Act [2][4] - The fines are seen as a response to the ongoing trade tensions between the EU and the US, particularly following President Trump's announcement of tariffs on the EU [1][5] - The EU's actions are part of a broader strategy to assert its regulatory authority over US tech giants and to protect its digital market [6][7] Group 2 - The EU's Digital Markets Act, which came into effect in March 2024, provides a legal framework for regulating the behavior of large tech companies operating in Europe [6][7] - The EU has identified a trade surplus of nearly €200 billion with the US in goods, but a service trade deficit exceeding €100 billion, highlighting the importance of US tech companies in the European market [5] - Major US tech firms, including Microsoft, Amazon, Google, and Oracle, dominate over half of the cloud services market in Europe, indicating their significant market presence [5]