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US Stock News and Commentaries
White House Won’t Tolerate EU Fines on Apple, Meta, But EU Insists Fines Are Proportionate
24 Apr 2025 10:49
In response to the EU antitrust regulators fining Apple (AAPL.US) and Meta (META.US) EUR500 million and EUR200 million respectively under the Digital Markets Act, the White House called those fines "a novel form of economic extortion", and emphasized that the US will not tolerate it.

Extraterritorial regulations that specifically target and harm American companies, stifle innovation, and encourage censorship will be seen as trade barriers and a direct threat to free and open societies, the White House added.

Meanwhile, an EU spokesperson responded that the fines are proportionate to both the duration and severity of the infringement.
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