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US says EU’s malicious targeting of American firms, 'regulatory death spiral' must stop

( April 24, 2025, 20:29 GMT | Official Statement) -- MLex Summary: The US White House said today the European Union's fines against Meta and Apple in hundreds of millions of euros under the "discriminatory" Digital Markets Act is a "novel form of economic extortion" and "will not be tolerated by the United States." In a statement, National Security Council spokesman Brian Hughes said, "Extraterritorial regulations that specifically target and undermine American companies, stifle innovation, and enable censorship will be recognized as barriers to trade and a direct threat to free civil society. The EU’s malicious targeting of American companies and consumers must stop. End the EU’s regulatory death spiral!" Statement follows....

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