Trump says US is "not a ‘PIGGYBANK’ for Europe" as he announces probe into EU trade

President Donald Trump announced Friday that the U.S. will formally investigate European Union trade practices, responding to the bloc’s $1 billion fine against Google for violating digital antitrust rules. In a social media post, Trump accused the EU of unfairly penalizing American tech companies including Google, Apple, Meta, and Amazon, and declared that the United States will no longer serve as a financial resource for Europe. He stated the investigation will examine what he called the “robbing” of U.S. firms and taxpayers, and threatened immediate tariffs and a reversal of the penalties. The probe, authorized under Section 301 of the Trade Act of 1974, marks the latest escalation in Trump’s broader economic and regulatory conflict with the 27-nation bloc.