U.S. President Donald Trump scolded European Union regulators for targeting Apple (AAPL), Google (GOOGL), and Meta (META), describing their cases against these American companies as “a form of taxation,” Lynn Doan and Samuel Stolton of Bloomberg reports. The E.U. has established a reputation for aggressive regulation of major technology companies. “These are American companies whether you like it or not,” Trump said at the World Economic Forum. “They shouldn’t be doing that. That’s, as far as I’m concerned, a form of taxation. We have some very big complaints with the EU.”
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