EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT

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5 February 2025

EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT

Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.

France Industrial Output (MoM) came in at -0.4% below forecasts (-0.1%) in December

Russia S&P Global Services PMI climbed from previous 51.2 to 54.6 in January

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