EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT

FXStreetFeb 5, 2025 6:19 AM

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Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.

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