Berliner Boersenzeitung - EU claims 'sovereign right' to regulate tech after Trump threat

EUR -
AED 4.301343
AFN 77.611852
ALL 96.514738
AMD 446.868239
ANG 2.096972
AOA 1074.017289
ARS 1697.403887
AUD 1.766826
AWG 2.11114
AZN 1.995739
BAM 1.956099
BBD 2.35916
BDT 143.251875
BGN 1.956099
BHD 0.441567
BIF 3463.32887
BMD 1.171229
BND 1.514231
BOB 8.094236
BRL 6.490135
BSD 1.171279
BTN 104.951027
BWP 16.475516
BYN 3.442526
BYR 22956.085522
BZD 2.35576
CAD 1.613778
CDF 2996.593612
CHF 0.937635
CLF 0.027188
CLP 1066.568306
CNY 8.246564
CNH 8.23796
COP 4521.190411
CRC 584.989331
CUC 1.171229
CUP 31.037565
CVE 110.281841
CZK 24.338023
DJF 208.581852
DKK 7.472562
DOP 73.371204
DZD 152.341263
EGP 55.872532
ERN 17.568433
ETB 181.965387
FJD 2.67474
FKP 0.875386
GBP 0.880988
GEL 3.144796
GGP 0.875386
GHS 13.453054
GIP 0.875386
GMD 85.500123
GNF 10238.563486
GTQ 8.975371
GYD 245.057422
HKD 9.144374
HNL 30.857712
HRK 7.53616
HTG 153.573452
HUF 386.728509
IDR 19556.008162
ILS 3.75619
IMP 0.875386
INR 104.915757
IQD 1534.434317
IRR 49308.735131
ISK 147.141933
JEP 0.875386
JMD 187.41862
JOD 0.830448
JPY 184.451022
KES 150.983056
KGS 102.424413
KHR 4700.717826
KMF 491.916529
KPW 1054.105695
KRW 1728.406292
KWD 0.359837
KYD 0.976149
KZT 606.152563
LAK 25368.873969
LBP 104891.417505
LKR 362.65538
LRD 207.321659
LSL 19.649501
LTL 3.458335
LVL 0.708465
LYD 6.34897
MAD 10.73654
MDL 19.830028
MGA 5326.813434
MKD 61.5594
MMK 2459.916548
MNT 4159.16935
MOP 9.388034
MRU 46.876158
MUR 54.052655
MVR 18.095929
MWK 2031.110162
MXN 21.355061
MYR 4.775145
MZN 74.845892
NAD 19.649501
NGN 1710.181964
NIO 43.106583
NOK 11.874743
NPR 167.921643
NZD 1.99613
OMR 0.451419
PAB 1.171279
PEN 3.944502
PGK 4.982761
PHP 68.60009
PKR 328.173614
PLN 4.207347
PYG 7858.199991
QAR 4.270252
RON 5.07775
RSD 117.397927
RUB 94.264395
RWF 1705.460433
SAR 4.393324
SBD 9.541707
SCR 17.757712
SDG 704.49846
SEK 10.855305
SGD 1.514521
SHP 0.878725
SLE 28.168488
SLL 24560.087729
SOS 668.202038
SRD 45.023799
STD 24242.072559
STN 24.503742
SVC 10.248565
SYP 12951.989104
SZL 19.647
THB 36.805911
TJS 10.793648
TMT 4.099301
TND 3.428524
TOP 2.820038
TRY 50.065939
TTD 7.950214
TWD 36.91585
TZS 2922.446274
UAH 49.525863
UGX 4189.639781
USD 1.171229
UYU 45.987022
UZS 14081.15027
VES 330.473524
VND 30817.959199
VUV 141.753524
WST 3.265184
XAF 656.057184
XAG 0.017437
XAU 0.00027
XCD 3.165305
XCG 2.111022
XDR 0.815925
XOF 656.057184
XPF 119.331742
YER 279.225162
ZAR 19.652061
ZMK 10542.469351
ZMW 26.501047
ZWL 377.135213
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    80.22

    0%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • RELX

    0.0800

    40.73

    +0.2%

  • RIO

    0.6900

    78.32

    +0.88%

  • BTI

    -0.5900

    56.45

    -1.05%

  • VOD

    0.0400

    12.84

    +0.31%

  • RYCEF

    0.2800

    15.68

    +1.79%

  • NGG

    -0.2800

    76.11

    -0.37%

  • BCE

    -0.0100

    22.84

    -0.04%

  • GSK

    0.3200

    48.61

    +0.66%

  • AZN

    0.7500

    91.36

    +0.82%

  • JRI

    -0.0500

    13.38

    -0.37%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • BCC

    -2.9300

    74.77

    -3.92%

  • BP

    0.6300

    33.94

    +1.86%

EU claims 'sovereign right' to regulate tech after Trump threat
EU claims 'sovereign right' to regulate tech after Trump threat / Photo: JUSTIN TALLIS - AFP/File

EU claims 'sovereign right' to regulate tech after Trump threat

The European Commission Tuesday asserted the "sovereign right" to regulate the activities of tech giants within the bloc and rejected claims by President Donald Trump that its rules unfairly harm US firms.

Text size:

Brussels has adopted a powerful legal arsenal aimed at reining in tech giants, particularly through the Digital Markets Act (DMA) covering competition and Digital Services Act (DSA) on content moderation.

Without explicitly naming the EU, Trump threatened on Monday to impose fresh tariffs on countries with regulations that sought to "harm" American technology, just days after both sides released details of a hard-fought transatlantic trade deal.

"It is the sovereign right of the EU and its member states to regulate economic activities on our territory," European Commission chief spokesperson Paula Pinho told reporters in response.

The EU has already slapped heavy fines on US behemoths including Meta and Apple under its new digital rules, which have faced months of pushback from Trump's administration.

EU tech spokesman Thomas Regnier said the bloc could "firmly rebut" the idea pushed by Trump that its rules targeted US companies.

"The DSA does not look at the colour of a company, at the jurisdiction of a company," Regnier said -- noting that the last three enforcement decisions under the law had been against China's AliExpress and TikTok, and Chinese-founded Temu.

Aimed at protecting consumers from disinformation and hate speech as well as counterfeit or dangerous goods, the DSA obliges platforms to swiftly remove illegal content or make it inaccessible.

Among its provisions, the law instructs platforms to suspend users who frequently share illegal content such as hate speech -- something framed as "censorship" by detractors from Meta CEO Mark Zuckerberg to the US State Department.

"The claims that the DSA is a censorship tool are completely wrong and completely unfounded," Regnier said.

"We're not asking platforms to remove content. We're asking them to enforce their own terms and conditions."

- 'Speculative' -

Trump's latest threat comes after the United States and the EU finally released details of the trade deal struck between the US leader and European Commission President Ursula von der Leyen in July to end a months-long transatlantic standoff.

A joint statement issued last Thursday confirmed that the deal imposes a 15-percent US levy on most EU exports, including cars, pharmaceuticals, semiconductors and lumber, but negotiations are not over and some moving parts remain.

The bloc's trade chief Maros Sefcovic insisted last week that Brussels successfully kept digital issues "out of the trade negotiations" with Washington -- and that the bloc's "regulatory autonomy" was not up for debate.

The commission's Pinho stood by those comments, saying Trump's latest threat would not derail work on implementing the agreement.

"We have a clear framework on which we are working," she said, adding: "any other measures which fall out of the scope of this framework agreement at this stage are merely speculative."

(A.Berg--BBZ)