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EU's Meta and Apple fines are 'economic extortion,' White House says

By Lewis Crofts ( April 24, 2025, 07:16 GMT | Insight) -- EU fines totaling 700 million euros on Apple and Meta Platforms for breaches of tech regulations are a "novel form of economic extortion" and will be seen as a trade barrier, the White House has reportedly said. Yesterday, the European Commission said the first fines under the EU's Digital Markets Act were "proportionate," but the US administration criticized "extraterritorial regulations that specifically target and undermine American companies."EU fines on Apple and Meta Platforms for breaches of tech regulations are a "novel form of economic extortion" and will be seen as a trade barrier, the White House said....

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