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Trump slams EU for Apple, Google fines and lawsuits |
President Trump on Thursday called the European Union "nasty" while sitting alongside NATO Secretary General Mark Rutte. |
Trump complained about the steep tariff on U.S.-made cars in Europe and a Court of Justice of the European Union decision in September that required tech giants Apple and Google to pay billions in fines over antitrust issues. "We sell no cars to Europe, I mean, virtually no cars, and they sell millions of car to us. They don't take our agriculture. We take their agriculture — it's like a one way street with them. The European Union is very, very nasty," Trump said from the Oval Office. "They sue our companies," the president continued. "Apple was forced to pay $16 billion on a case that … like my cases that I won. They shouldn't have been even cases, but we felt they had no case, and they ended up having an extremely favorable judge and decision." "But they're suing Google, they're suing Facebook, they're suing all of these companies, and they're taking billions of dollars out of American companies," the president continued. Trump railed against the EU earlier Thursday, when he threatened to put a hefty 200 percent tariff on wine, Champagne and other alcohol coming in from Europe if they don't remove a tariff on whiskey. A trade war with Europe was escalated Wednesday when Trump's 25 percent tariffs on steel and aluminum took effect, leading the EU to swiftly retaliate with a two-step approach. Read more in a full report at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Miranda Nazzaro and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. |
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How policy will be impacting the tech sector now and in the future: |
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Google is pushing back against other major technology companies’ efforts to put the responsibility of age verification on the app stores, arguing the onus is on both the stores and developers to boost children’s safety. In a blog post published Wednesday, Google pushed back against what it called “concerning legislation” in Utah, which became the first state in the country to pass a bill requiring app … |
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House Oversight Democrats are encouraging President Trump to abandon his plans for a crypto reserve, calling it a strategy to enrich himself at taxpayer expense. The reserve, announced by Trump last week as both a strategic bitcoin reserve and "digital asset stockpile" for other forms of digital currency, would be akin to other reserves and stockpiles managed by the government, such as those for gasoline, food, and gold. But … |
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An arbitrator has sided with Meta in its case against a former employee who made a series of misconduct allegations about the Facebook and Instagram parent company in a memoir published this week. The memoir, “Careless People: A Cautionary Tale of Power, Greed and Lost Idealism” by Sarah Wynn-Williams, was published Tuesday. It details claims of sexual harassment and incomplete statements by Meta executives to Congress … |
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A watchdog group has asked the Transportation Department's inspector general to investigate whether the Federal Aviation Administration's (FAA) business with Elon Musk's Starlink violates conflict of interest laws. The Campaign Legal Center (CLC) argued in a letter to the inspector general Thursday that evidence suggesting Musk "has blatantly and improperly influenced" the FAA's work with Starlink warrants an investigation. … |
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News we've flagged from the intersection of tech and other topics: |
- OpenAI calls DeepSeek 'state-controlled,' calls for bans on 'PRC-produced' models (TechCrunch)
- Oracle is leading contender to help run TikTok in new deal (The Information)
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Stablecoin framework one step closer to finish line |
Welcome to Crypto Corner, a new feature in The Hill's Technology newsletter focused on digital currency and its outlook in Washington. |
Stablecoin legislation is one step closer to the finish line, after the Senate Banking Committee voted to advance Sen. Bill Hagerty's (R-Tenn.) GENIUS Act on Thursday. The legislation, which aims to create a regulatory framework for payment stablecoins, garnered support from five Democrats and all 13 Republicans on the panel. It next heads to the Senate floor for consideration. "Today's historic passage of the GENIUS Act — the first digital asset legislation to advance in the Senate — is a step forward in ensuring stablecoins are safe and reliable tools in the financial system," Senate Banking Chair Tim Scott (R-S.C.) said in a statement. The GENIUS Act's advancement marks a key win for the Trump administration and Republican lawmakers, who have set their sights on quickly passing stablecoin and cryptocurrency market structure legislation this Congress. President Trump has embraced crypto in his second term, inviting industry leaders to the White House last week and emphasizing his administration's work to "end the federal bureaucracy war on crypto." |
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5G made for the USA, in the USA |
Ericsson is building the radio equipment to meet the demand for 5G networks. This equipment protects the supply chain & ensures we have the infrastructure to power continued U.S. tech leadership. Learn more. |
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Branch out with other reads on The Hill: |
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SpaceX delays flight to retrieve astronauts |
NASA and SpaceX canceled Wednesday's planned launch of the Crew-10 mission to retrieve astronauts from the International Space Station (ISS), citing an issue with the launch pad. The delay means NASA astronauts Butch Wilmore and Suni Williams will have to wait at least another day or two before they can head home to Earth after nine months in orbit. Officials called off the launch less than an hour before the scheduled liftoff … |
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Two key stories on The Hill right now: |
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Rep. Raúl Grijalva (D-Ariz.), a more than two-decade veteran of the House who rose to high levels of power in the Democratic Caucus, died on Thursday. … Read more |
| Senate Democrats say privately that they will not allow the government to shut down Saturday, despite growing pressure from activists and liberal lawmakers … Read more |
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Opinion related to tech submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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