The EU could hit Wall Street where it hurts with its tariff response — the tech giants

The EU could hit Wall Street where it hurts with its tariff response — the tech giants

The European Union has stressed that it is considering all options in its countermeasures — but restrictions on Big Tech would hurt its own consumers.

Trump tariffs: EU may take ‘nuclear’ option and target US tech giants

Taoiseach Micheál Martin warns against a move against the tech sector as EU considers retaliating to Donald Trump's suite of tariffs

EU Could Target Wall Street’s Tech Giants In Response To Trump’s 20% Tariffs

The European Union is considering a bold response to Donald Trump’s 20% tariffs, with analysts pointing to a potential strike against U.S. tech giants like Apple and Google. As negotiations falter, the EU could wield its market power to inflict pain on Wall Street, though such a move risks harming its own consumers and escalating tensions.

The Danish Food and Agriculture Association expresses concern about the EU's draft on which American goods we in the EU should impose tariffs on.

It is not done with punitive tariffs for whiskey and jeans. The EU will probably need tougher instruments against the new protectionism of the US government. It is conceivable that there are several variants of levies to meet the president's main supporters.

The Prime Minister of Rhineland-Palatinate, Alexander Schweitzer (SPD), can well imagine reacting to US punitive tariffs by taking measures against US tech companies. Schweitzer, who also heads the coalition working group for the SPD on the topics of economy, industry and tourism, said on the news channel “World” that we must “get out of this spiral of escalation.” “Free trade must be possible again - in accordance with rules, of course - but fr…