EU delays fining Google over its adtech business while awaiting U.S. cuts to tariffs on European cars

The EU postponed the long-anticipated financial penalty for Alphabet’s Google while awaiting the decision of the ￰0￱ on European car ￰1￱ Union regulators have postponed the antitrust fine that was expected to be imposed on Alphabet’s Google due to concerns about the United States’ tariff ￰2￱ European Union’s fine against Alphabet’s Google has been delayed Three sources reported that the European Commission , which is responsible for antitrust enforcement, has chosen not to move forward with its penalty against ￰3￱ Commission has decided to stay the fine while waiting on the United States to follow through on its promised reduction of tariffs on European ￰4￱ duties have been one of the most debated issues in the trade talks between the two ￰5￱ has so far been pushing for the duties to be eased in exchange for concessions on industrial ￰6￱ last week, the Commission proposed eliminating tariffs on imported ￰7￱ ￰8￱ now expects Washington to announce a cut in tariffs on European cars, reducing duties from 27.5% to 15%.

The timing of the delayed fine has raised questions about whether the EU’s competition enforcement is being used as a bargaining chip in economic ￰9￱ to one of the sources , the postponement is not expected to exceed a ￰10￱ three sources named the EU’s Trade Commissioner, Maros Sefcovic, who reportedly sought clarifications on the antitrust decision taken by EU competition chief Teresa Ribera, as a factor in the ￰11￱ postponement was announced days after Google was told to expect the fine announcement on ￰12￱ of enforcement The potential link between the EU’s antitrust enforcement to trade talks with the United States has drawn criticism. Germany’s Monopolies Commission, an independent advisory body, stated that the delay sets a worrying ￰13￱ Duso, the chairman of the Commission, warned against letting the protection of competition become a “pawn of the Trump administration” in a ￰14￱ Donald Trump has previously threatened retaliation against European authorities if they move too aggressively against American tech ￰15￱ Commission’s decision to delay the fine is being viewed by some analysts as a strategic step to avoid triggering tensions during sensitive trade ￰16￱ familiar with the matter also said the fine would be modest compared with earlier penalties levied on the ￰17￱ European Commission spokesperson Arianna Podesta told reporters at a daily briefing that the Google investigation is still ongoing and declined to provide further ￰18￱ itself also hasn’t commented on the ￰19￱ fine is a result of a four-year investigation into Google’s advertising technology practices, which started after a complaint from the European Publishers ￰20￱ has been accused of unfairly favoring its own services over those of rivals in the online advertising ￰21￱ eventual decision of the ￰22￱ concerning the duties on the automotive sector is important as the sector employs millions across the bloc and is central to the economies of Germany, France, and ￰23￱ fine against Google is symbolically important, but it does not carry the same economic weight as the ￰24￱ is expected that once trade talks are concluded, the Commission will proceed with its ￰25￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites