Europe’s Attack on America’s Tech Companies

European leaders announced this week they will try to steal up to $800 million from Apple and Meta with bogus antitrust penalties under the EU’s Digital Marketing Act. This fine is what we call “sour grapes” economics. The socialist nations of Europe can’t compete in the tech space, and so they are penalizing Apple and Meta because of their superiority in cell phone services and social media applications.

The issue is whether Apple and Meta should be able to bundle services on their product lines and social media platforms. The answer, of course, is yes; they built it and they own it.

These harassment lawsuits are restraints on trade and direct attacks on American workers and shareholders.

Trump needs to aggressively retaliate.

The EU’s actions also run counter to Trump’s directive to his White House Office of Science and Technology Policy, in which he called for the federal government to “blaze a bold path to maintain our technological supremacy” and to retain our position as the “unrivaled world leader in critical and emerging technologies.”

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