Xin Hua She·2025-09-06 01:04Core Points - The article discusses President Trump's threat to initiate a trade investigation against the European Union (EU) following the EU's imposition of a €2.95 billion (approximately $3.47 billion) fine on Google for antitrust violations [2] - Trump claims that the EU's actions are unfair and detrimental to American businesses, stating that these penalties divert funds that could be used for investment and job creation in the U.S. [2] - The article highlights the use of Section 301 of the Trade Act of 1974, which allows the U.S. Trade Representative to investigate foreign trade practices deemed unreasonable or unfair [2] Company Summary - Google has been fined €2.95 billion by the EU for anti-competitive behavior in its advertising technology business, which the EU argues harms competition [2] - Google plans to appeal the fine imposed by the EU [2] Industry Summary - The article indicates a growing tension between the U.S. and the EU regarding regulatory actions against American technology companies, particularly in the context of antitrust laws [2] - The EU's regulatory environment is seen as increasingly challenging for U.S. tech firms, with multiple fines and taxes being levied against them [2]