A Republican of the Supreme House has sought response to how the European Union will implement antitrust regulations against major US technology firms – days after President Trump pledged to defend the industry from “extortion overseas”.
Home Jim Jim Jordan Judicial Committee described his concerns about the act of European digital markets in a letter on Sunday to EU antitrust chief Teresa Ribera. The EU was asked to inform the Committee on the issue no later than March 10th.
DMA aims to be seven companies designated to be “goalkeepers” of the Internet – Google’s Parents Alphabet, Amazon, Apple, Booking.com, Tiktok Parent byedance, Meta, Microsoft – with special rules intended to increase competition with the most rivals of the most rivals toddlers and to give more choices. Critics claim the law is very restrictive and impedes innovation while aiming for US companies.
“We write to express our concerts that DMA can target American companies, and we need a conference to understand the DMA implementation commission’s access,” Jordan said in a letter co-signed by the representative of the subcommittee chair antitrust. Scott Fitzgerald.
By law, EU regulators can impose massive fines up to 10% of a company’s global income for a first and 20% offense for repeated violations. This reaches tens of billions of dollars per company such as the alphabet led by Sundar Pichai and Meta Mark Zuckerberg.
Jordan noted that six of the seven “goalkeepers” are American or subsidiary firms.
“These heavy fits seem to have two goals: to force businesses to pursue European standard worldwide, and as a European tax for US companies,” the letter said.
Jordan’s letter also mentioned that a special law, the act of digital services of Europe, “seeks to censor political speech within and outside the United States.”
EU implementation actions against US firms have contributed to tensions raised with the Trump administration.
Trump signed a memorandum last week, noting that his administration “will take into account responsible actions such as fees to combat digital service taxes (DSTS), Finines, practices and policies that foreign governments keep US companies.”
“President Trump will not allow the foreign government to approve the US tax base for their benefit,” the White House said.
The European Commission, EU competition guards, is set to upload Google for violating DMA after the proposed changes in tactics related to its online search business failed to vying the regulators.
Given the total alphabet revenue of approximately $ 350 billion in the 2024 fiscal, a 10% fine will reach a $ 35 billion.
The commission also accused Apple and Meta last year for alleged DMA violations.
Zuckerberg recently bored for the situation while appearing in Podcast “The Joe Rogan Experience” – and said Trump should push back into the fines.
“I think it’s a strategic advantage for the United States that we have many strongest companies in the world, and I think it should be part of the American strategy that goes ahead to defend this,” Zuckerberg said. “One of the things I am optimistic about with President Trump is, I think he just wants America to win.”
Large American technology firms have regularly faced massive fines in Europe in the last past.
Last year, Google lost a fight to topple a $ 2.7 billion fine for stagnation of rival shopping services, but managed to challenge a special $ 1.7 billion fine over its digital advertising empire.
Elsewhere, Apple was given a $ 2 billion antitrust finally for allegedly “abusing a prevailing position” in the music transmission industry through its application store practices. This issue was raised from a complaint from Spotify.
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