Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_w8ia4jfj&referenceId=tag:reuters.com,2025:newsml_RW081317122025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'
Description: President Donald Trump's administration warned on Tuesday (December 16) the United States could impose fees or restrictions on European service providers in response to what it called ‚Äúdiscriminatory‚ÄĚ actions against U.S. firms. Fiona Jones reports.¬†
Short Link: https://lseg.group/4p4X7wv
Video Transcript:
President Donald Trump's Administration on Tuesday threatened to impose fees or restrictions on European service providers. That's in response to what it called discriminatory actions against US firms. Washington accused the EU and member states of √ʬĬúdiscriminatory and harassing lawsuits, taxes, fines, and directives against US service providers.√Ę¬Ä¬Ě It argued that EU companies like Spotify and Accenture √ʬĬúoperate freely√Ę¬Ä¬Ě in the US. In a post on X, the US Trade Representative Office suggested it would have no choice but to begin using every tool at its disposal to counter these unreasonable measures. It suggested fees or restrictions could be among the actions taken, also pointing to companies like Amadeus and SAP. This threat comes as Europe forges ahead with a crackdown on Big Tech. Regulators imposed a $140 million fine on Elon Musk's X in December. That's just months after hitting Google with an unexpectedly high $3.44 billion charge. Washington has taken aim against the EU's digital legislation and has ordered diplomats to launch a lobbying blitz against the laws. The European Commission pushed back against the US TR's accusations saying its rules apply equally and fairly to all companies operating in the EU.