President Trump suggests European Union out of line in suing U.S. tech firms

Susan Heavey, Tim Ahmann, Makini Brice, and David Shepardson for Reuters:

U.S. President Donald Trump on Wednesday suggested the European Union was out of line in suing U.S. technology companies like Facebook and Alphabet Inc’s Google, saying legal action against those firms should be the purview of the United States.

“She hates the United States perhaps worse than any person I’ve ever met,” Trump said in an interview with Fox Business Network in an apparent reference to EU competition commissioner Margrethe Vestager… “What she does to our country. She’s suing all our companies. We should be suing Google and Facebook, and all that, which perhaps we will,” he said. “They’re suing Apple for billions of dollars. They’re suing everybody.”

“They make it almost impossible to do two-way business,” Trump said, reprising his frequent complaint that Europe treats the United States worse than China when it comes to trade… The U.S. government is gearing up to investigate whether, Apple, Facebook and Google misuse their massive market power, sources told Reuters earlier in June, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies.

MacDailyNews Take: If these companies operate in Europe, which they do, they should obviously be held to account under European law. As for Apple specifically, they don’t have a monopoly or anything close to a monopoly in any market in which they compete, so no country or group of countries should be wasting time on antitrust investigations. It’s ridiculous.

Google and Facebook, of course, are different stories. On those companies, investigate away, EU!

This article was originally posted here