Tariffs on cars were a big part of the negotiations that led to a trade deal between the US and the European Union.
EU antitrust regulators have delayed fining Alphabet’s Google over its adtech business, while waiting for the US to cut tariffs on European cars as part of a trade deal, three people with knowledge of the matter said on Tuesday.
Tariffs on cars were a big part of the negotiations that led to a trade deal between the US and the European Union. The executive European Commission last week proposed to scrap tariffs on imported US industrial goods and it expects an announcement soon from the US on its promised cut in US tariffs on European cars to 15% from 27.5%. Google is said to face a modest fine by the European Union for allegedly favoring its own advertising services over rivals following a four-year long investigation.Google was told on Friday that EU antitrust chief Teresa Ribera would announce the fine on Monday but the announcement was not made and no explanation was given to the company, another source said. Hacker uncovers ‘missing’ Tesla Autopilot data in deadly crash, triggering $243M verdict to victims' familiesOne of the sources said the delay was not expected to last more than a month and three said it was caused by EU trade commissioner Maros Sefcovic asking questions about Ribera’s decision without commenting on the delay’s length.Germany’s Monopolies Commission called the delay to the announcement an alarming precedent for the independence of European antitrust enforcement. “The protection of competition must not become a pawn of the Trump administration,” its chairman, Tomaso Duso, said in a statement. Tariffs on cars were a big part of the negotiations that led to a trade deal between the US and the EU.European Commission spokesperson Arianna Podesta told a daily news conference the Google investigation is ongoing and declined to comment further.Google faces a modest fine for allegedly favoring its own advertising services over rivals following a four-year long investigation prompted by a European Publishers Council’s complaint, other people had told Reuters last week.Lisa Cook standing up for the Federal Reserve over possible mortgage fraud is really a ploy to turn a blind eye from the Fed's mission creep into wokenessHacker uncovers ‘missing’ Tesla Autopilot data in deadly crash, triggering $243M verdict to victims' families Nestlé fires boss for failing to disclose romantic relationship with underling: 'Decision was necessary'Kristen Doute blasts ‘disgusting’ Golnesa ‘GG’ Gharachedaghi over Brittany Cartwright pregnancy speculation Travis Kelce proposed to Taylor Swift immediately after 'New Heights' podcast filming — here's how he pulled off the surprise
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