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The European Union issued fresh warnings to Apple and Google over potential violations of its strict digital rules on Wednesday – a move that will likely escalate tensions between the EU and President Trump.
The European Union defied U.S. threats of retaliation Wednesday by accusing Google of violating its digital rules—which could trigger hefty fines—and ordering Apple to make its iPhone interact better with rivals' devices.
European Union regulators said the tech giants likely violated the law by unfairly boxing out smaller competitors, adding to tensions between Europe and the United States
Apple Inc (NASDAQ:AAPL, ETR:APC) and Google parent Alphabet Inc (NASDAQ:GOOG) have been told by the European Union that they have both failed to operate with the bloc's Digital Markets Act. The pair are the first to be told by the EU's executive arm how they must comply with the new rules, which took effect last year.
The European Union has sent Apple preliminary instructions on how it expects the iPhone maker to comply with interoperability provisions in the bloc's Digital Markets Act (DMA), its flagship market contestability reform.
Wall Street rises as S&P 500, Nasdaq, and Dow gain ahead of the Fed's decision. Tech stocks rally despite EU scrutiny on Apple and Google, while Boeing jumps 6%.
While the market navigates a complex landscape of geopolitical uncertainty, tariffs, and interest rates, the confluence of robust market breadth signals, historically favorable seasonality, and deeply depressed bullish sentiment offers a compelling narrative for future gains.
Google, Apple hit with EU antitrust actions under cloud of Trump tariff threats
The European Union on Wednesday outlined the steps that Apple must take to open up its iPhone and iPad operating systems to work better with competing technologies.
Apple was ordered by EU antitrust regulators on Wednesday to open up its closed ecosystem to rivals, with the latter spelling out details on how to go about it in line with the bloc's landmark rules and where non-compliance could lead to an investigation and fines.