Donald Trump denounces Europe's “disguised taxation” against US Big Tech

Donald Trump denounces Europe's “disguised taxation” against US Big Tech
Donald Trump denounces Europe's “disguised taxation” against US Big Tech

The American tech giants will be well rewarded for their noisy and opportunistic rallying behind Donald Trump. In Davos, the new American president actually said all the bad things he thought about the regulation imposed by Brussels on the biggest representatives of US digital technology.

The next four years promise to be stormy between Washington and Brussels. Visiting Davos on the occasion of the World Economic Forum, Donald Trump has become the first defender of large American tech companies, burdened by the regulations and sanctions taken by the European Commission in recent years.

A pact against Brussels

In his usual style, the billionaire declared that Europeans “ shouldn't do that. As far as I'm concerned, it's a form of taxation. We have very big complaints about the European Union “. Donald Trump was referring in particular to the 13 billion euros in tax rulings that Apple must pay to Ireland. The manufacturer benefited from illegal tax aid granted by Dublin.

Tim Cook, one of the American president's outspoken supporters, complained about the situation to the latter shortly after his election. We can be fairly certain that Elon Musk, Mark Zuckerberg (Meta), Sundar Pichai (Google), Jeff Bezos (Amazon), Sam Altman (OpenAI) and all those who have pledged allegiance to Donald Trump in recent weeks submitted to the new strong man in the White House their European grievances.

Mark Zuckerberg was very clear on the subject: he intends “ working with President Trump to oppose foreign governments going after American businesses to censor more “. To the cultural and societal war will be added the economic war.

Read Mark Zuckerberg asks Donald Trump to better defend the interests of American tech in Brussels

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Brussels' reaction was initially cautious, just to see what sauce Donald Trump wanted to eat with the European regulator. And then we began to see the Commission continue its work almost as if nothing had happened, by deepening its investigation into X/Twitter.

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Source :

Bloomberg

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