Meta, Google And Other Big US Tech Firms Could End Up Paying Up If Trump Tariff Talks Collapse, Warns European Commission President: 'No Winners In This, Only Losers'

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Meta, Google And Other Big US Tech Firms Could End Up Paying Up If Trump Tariff Talks Collapse, Warns European Commission President: 'No Winners In This, Only Losers' - Benzinga

Quick Summary:

"We are developing retaliatory measures," von der Leyen told the Financial Times, noting the EU would seek a "completely balanced" agreement with Washington during Trump's 90-day tariff pause.

If talks fail, she warned, "There's a wide range of countermeasures … in case the negotiations are not satisfactory".

European Commission president Ursula von der Leyen has said the EU is preparing a slate of retaliatory measures that could include levies on digital advertising revenues from U.S.tech companies like Facebook-parent Meta Platforms, Inc.(NASDAQ:META) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google.