Trump opens a divide between US and EU over Big Tech
Published On Jan 23, 2025, 4:34 PM
Former President Trump criticized the European Union's antitrust actions against major U.S. tech companies during his appearance at the World Economic Forum. He labeled these fines as a form of taxation on American corporations, arguing that companies like Apple, Google, and Meta have been unfairly targeted by the EU's aggressive regulatory approach. Trump indicated that if he is re-elected, he would foster a more favorable environment for these tech giants, which could lead to better regulatory conditions for them in future.
Stock Forecasts
AAPL
Positive
Given Trump's comments and the potential shift in regulatory approach, U.S. technology stocks may experience a positive impact as investor sentiment improves regarding regulatory risks.
GOOG
Positive
As the regulatory environment may become more favorable for tech giants under a Trump presidency, other tech stocks could benefit as well, particularly in the areas of cloud computing and digital advertising.
MSFT
Positive
Increasing support from regulatory bodies could lead to a stronger market performance for Microsoft, especially in cloud services and software, should policies become more lenient.
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