WASHINGTON — U.S. President Donald Trump on Monday suggested U.S. regulators should follow the European Unions lead by levying massive fines against American tech companies, saying “obviously there is something going on in terms of monopoly” in the sector.
During a wide-ranging interview on CNBC, Trump was asked whether Google and Facebook pose competitive concerns and whether antitrust laws should be amended to address them.
In a meandering response, he blasted the EU for targeting U.S. tech companies with massive fines as a way of getting “easy money.” Google has faced billions in antitrust fines from the bloc, while it and other tech giants may incur further penalties under a sweeping new EU privacy law.
Yet he also suggested the U.S. emulate such past and notional EU actions, maintaining the companies may indeed raise antitrust concerns.
“They get all this money. Well, we should be doing — theyre our companies. So theyre actually attacking our companies. But we shouldRead More – Source