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US to probe EU trade practices, may impose tariffs after $1B Google fine

Market News
24 Jul 2026
CNBC
View Source
Bearish
pluang ai news

President Donald Trump announced a trade investigation into the European Union following the EU's $1 billion fine on Google for allegedly prioritizing its own services. The probe aims to cancel these hefty fines against US tech giants and could lead to substantial tariffs on the EU's 27 member countries. This move escalates tensions between the US and EU over regulatory actions targeting major American companies like Apple, Meta, and Amazon. Investors should watch for potential impacts on transatlantic trade and tech sector stocks.

More News (GOOGL)

Waymo to launch its own app in Austin and Atlanta, ending exclusivity with Uber in 2028

Waymo to launch its own app in Austin and Atlanta, ending exclusivity with Uber in 2028

Waymo and Uber's exclusive partnership for robotaxi rides in Austin and Atlanta will end in early 2028, as Waymo plans to launch its own app in these cities. This change reflects Waymo's growing presence in the robotaxi market across multiple U.S. ci...

Market News
Bearish
7 hours ago
Yields rise as AI capex hikes by Google and others raise borrowing costs and investor concerns.

Yields rise as AI capex hikes by Google and others raise borrowing costs and investor concerns.

Yields on bonds climbed this week after Alphabet increased its capital expenditure forecast for AI development, sparking fears that other major tech companies like Amazon and Meta will follow. Fixed-income investors are demanding higher credit spread...

Market News
Bearish
9 hours ago
Trump defends DOJ subpoenas to NY Times and Google in leak probe of Air Force One details

Trump defends DOJ subpoenas to NY Times and Google in leak probe of Air Force One details

President Donald Trump defended the Department of Justice's subpoenas issued to New York Times reporters and Google amid a criminal investigation into leaks about the president's new Air Force One plane. The DOJ withdrew demands for grand jury testim...

Market News
Neutral
9 hours ago
Alphabet beats Q2 expectations with 200%+ Google Cloud profit growth, shares seen as undervalued.

Alphabet beats Q2 expectations with 200%+ Google Cloud profit growth, shares seen as undervalued.

Alphabet Inc. reported strong second-quarter results, notably with Google Cloud's profit growth exceeding 200%. Despite this, the market reacted negatively, causing shares to fall, which the analyst views as an irrational response and a buying opport...

Company Fundamentals
Bullish
10 hours ago
Tech stocks fall as Alphabet and Tesla boost AI spending, sparking investor concerns amid global uncertainty.

Tech stocks fall as Alphabet and Tesla boost AI spending, sparking investor concerns amid global uncertainty.

Shares of major tech companies, including Alphabet and Tesla, dropped sharply after both announced increased capital expenditures focused on AI infrastructure. Alphabet plans to spend $200 billion this year, up from $190 billion, aiming to enhance AI...

Market News
Bearish
10 hours ago
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