By Admin 
Section 301 Investigations: Trade tensions between America and the European Union seem to be increasing once again. The European Union has imposed a fine of about Rs 9800 crore i.e. about 1 billion dollars on Google. Since then, US President Donald Trump has adopted a tough stance. Describing the EU’s action against American companies as unfair, Trump has warned of starting a trade investigation and taking retaliatory measures.
Why was the fine imposed?
The European Commission has imposed a heavy fine on Google, accusing it of violating rules related to the digital market. The EU says that Google used its platform and services to reduce competition. The fine includes allegations of Google giving priority to its products and services and limiting competition for app developers.
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trade war warning
After the action against Google, Trump has talked about starting a Section 301 investigation against the European Union. In the US, this provision is used in cases where the trade policies of another country are considered unfair or discriminatory. Trump alleged that Europe is continuously targeting American companies. He indicated that new tariffs could be imposed against the EU after the investigation.
What is Section 301 investigation?
Section 301 is a provision of US trade law, under which the US can investigate the trade policies of foreign countries. If any policy is found wrong in the investigation, then America can impose extra duty or other trade action on the products of that country.
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EU has already taken action against tech companies
The European Union has already taken action against big American tech companies. The EU’s Digital Markets Act treats big tech companies as gatekeepers and monitors their business practices. American tech companies have long expressed concern about European digital regulations, saying they increase the cost of doing business.