US President Donald Trump on Thursday attacked the European Union for fining Google $7.4 billion ($5 billion US) for harming its competitors, tweeting that the incident proved the regional bloc has "taken advantage of the USA, but not for long!" There are actually a few different angles to the Commission's complaint, but to boil it down, it essentially claimed that Google used Android to cement its search dominance.
Having said that, the fine represents just over two weeks of revenue for Google parent company Alphabet, according to Reuters - a sum that "would scarcely dent" the company's current cash reserves of $102.9b.
His administration in early March announced tariffs of 25 percent on aluminum and 10 percent on steel imports that also include the European Union. "They truly have taken advantage of the USA, but not for long!", he wrote on the social network.
Google also countered the EU's statement which said that the tech giant has prevented manufacturers wishing to pre-install Google apps by saying that it's easy to remove a preloaded app and replace it with an alternative.
Our case is about three types of restrictions that Google has imposed on Android device manufacturers and network operators to ensure that traffic on Android devices goes to the Google search engine, ' explains European Commissioner Margrethe Vestager of the Commission's findings.
Democratic Sen. Richard Blumenthal of CT tweeted that the fine should "be a wake-up call" to the Federal Trade Commission and "should lead U.S. enforcers to protect consumers".
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Instead, Paul said Trump and other USA officials should focus on safeguarding upcoming elections from interference. Putin has denied intervention in the 2016 election and Trump has taken the denials at face value.
Yesterday Google was hit with the whopping fine by the European Commission.
In the end, the Commission found that Google violated European Union antitrust laws and has given the company 90 days to clean up its act.
Google has stated that it plans to appeal the decision.
Vestager said Google had shut out rivals by forcing major phone makers including South Korea's Samsung and China's Huawei to pre-install its search engine and Google Chrome browser, thereby freezing out rivals.
Sundar Pichai, Google's CEO, has defended the company's decision to bundle the apps with the operating system, stating in a blog post, that Android users were free to remove any pre-installed apps.
Levies are based on revenue in the market being probed and can't exceed 10 percent of a company's global annual revenue.