The European Union attracted great interest and attention by fining Google €2.95 billion for abusing its unique dominance in the online advertising market. This was reported by the BBC.
According to the European Commission, Google violated EU anti-competition laws by giving preference to its programs when placing online advertising. Competitors suffered significantly from this policy, and as a result, the authorities gave the company a clear order to stop this practice. Google is also required to pay a fine of €2.95 billion, which is approximately US$3.5 billion.
Company representatives told the BBC that such a decision was "incorrect" and that an appeal would be filed. They will try to reconsider this action within the framework of the law.
US President Donald Trump reacted angrily to the European Commission's decision on his Truth Social. Trump drew attention to this: "An American taxpayer won't forgive this!"
Trump also announced that he would take countermeasures against the European side. He pledged to protect the rights and economic interests of the US, including the introduction of trade tariffs. This can lead to new disputes in the international internet market and competitive environment.
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