The Prague Post - EU claims 'sovereign right' to regulate tech after Trump threat

EUR -
AED 4.268315
AFN 74.383357
ALL 96.069565
AMD 438.430669
ANG 2.0805
AOA 1065.770893
ARS 1610.859736
AUD 1.673089
AWG 2.093478
AZN 1.935698
BAM 1.959148
BBD 2.34037
BDT 142.928584
BGN 1.986621
BHD 0.438831
BIF 3452.593924
BMD 1.162236
BND 1.490731
BOB 8.029137
BRL 5.986915
BSD 1.162021
BTN 107.846889
BWP 15.803894
BYN 3.455699
BYR 22779.833035
BZD 2.336995
CAD 1.614201
CDF 2655.709813
CHF 0.921212
CLF 0.027081
CLP 1069.176055
CNY 8.003798
CNH 7.989352
COP 4292.824668
CRC 540.253562
CUC 1.162236
CUP 30.799264
CVE 110.453301
CZK 24.521619
DJF 206.924337
DKK 7.471925
DOP 69.912194
DZD 154.160064
EGP 62.369209
ERN 17.433546
ETB 181.439465
FJD 2.623631
FKP 0.881558
GBP 0.871857
GEL 3.12639
GGP 0.881558
GHS 12.782506
GIP 0.881558
GMD 86.005571
GNF 10190.372536
GTQ 8.889154
GYD 243.198205
HKD 9.108923
HNL 30.867952
HRK 7.534319
HTG 152.529218
HUF 382.522792
IDR 19647.605993
ILS 3.645296
IMP 0.881558
INR 108.30288
IQD 1522.160462
IRR 1529357.795973
ISK 144.210321
JEP 0.881558
JMD 183.773297
JOD 0.823989
JPY 184.137177
KES 151.204654
KGS 101.637389
KHR 4649.205977
KMF 498.025366
KPW 1045.946896
KRW 1753.942231
KWD 0.359514
KYD 0.968409
KZT 552.401734
LAK 25609.090581
LBP 104057.817263
LKR 366.304475
LRD 213.22635
LSL 19.51547
LTL 3.431782
LVL 0.703025
LYD 7.411635
MAD 10.854405
MDL 20.469129
MGA 4916.656884
MKD 61.675934
MMK 2441.168262
MNT 4152.347734
MOP 9.382241
MRU 46.357029
MUR 54.381217
MVR 17.979526
MWK 2014.939086
MXN 20.706462
MYR 4.680306
MZN 74.32517
NAD 19.516311
NGN 1605.420575
NIO 42.764376
NOK 11.247845
NPR 172.555565
NZD 2.014254
OMR 0.446881
PAB 1.162046
PEN 4.043032
PGK 5.025481
PHP 69.946895
PKR 324.211215
PLN 4.280086
PYG 7546.800845
QAR 4.236686
RON 5.09652
RSD 117.423041
RUB 93.499543
RWF 1700.601609
SAR 4.36268
SBD 9.346748
SCR 16.101667
SDG 698.503739
SEK 10.890042
SGD 1.489417
SHP 0.871978
SLE 28.532786
SLL 24371.528338
SOS 664.072106
SRD 43.425788
STD 24055.946507
STN 24.54332
SVC 10.167333
SYP 128.714546
SZL 19.509435
THB 37.748856
TJS 11.111665
TMT 4.07945
TND 3.410986
TOP 2.798386
TRY 51.69999
TTD 7.886921
TWD 37.146187
TZS 3010.191905
UAH 50.847466
UGX 4328.528243
USD 1.162236
UYU 47.230519
UZS 14115.063345
VES 550.060735
VND 30607.49505
VUV 139.75194
WST 3.22836
XAF 657.116829
XAG 0.015374
XAU 0.000244
XCD 3.141002
XCG 2.09407
XDR 0.826295
XOF 657.071521
XPF 119.331742
YER 277.367942
ZAR 19.48344
ZMK 10461.519739
ZMW 22.397436
ZWL 374.23964
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.4000

    15.45

    +2.59%

  • CMSD

    0.1200

    22.22

    +0.54%

  • CMSC

    0.1500

    22.05

    +0.68%

  • RIO

    1.4900

    94.78

    +1.57%

  • NGG

    2.1200

    86.72

    +2.44%

  • BTI

    -0.7200

    57.75

    -1.25%

  • BCE

    0.1550

    25.395

    +0.61%

  • GSK

    0.9900

    56.18

    +1.76%

  • VOD

    0.1000

    15.12

    +0.66%

  • RELX

    0.3000

    33.45

    +0.9%

  • BCC

    -0.2500

    75.6

    -0.33%

  • JRI

    0.1300

    12.43

    +1.05%

  • AZN

    2.7050

    199.925

    +1.35%

  • BP

    -1.1250

    45.875

    -2.45%

EU claims 'sovereign right' to regulate tech after Trump threat
EU claims 'sovereign right' to regulate tech after Trump threat / Photo: JUSTIN TALLIS - AFP/File

EU claims 'sovereign right' to regulate tech after Trump threat

The European Commission Tuesday asserted the "sovereign right" to regulate the activities of tech giants within the bloc and rejected claims by President Donald Trump that its rules unfairly harm US firms.

Text size:

Brussels has adopted a powerful legal arsenal aimed at reining in tech giants, particularly through the Digital Markets Act (DMA) covering competition and Digital Services Act (DSA) on content moderation.

Without explicitly naming the EU, Trump threatened on Monday to impose fresh tariffs on countries with regulations that sought to "harm" American technology, just days after both sides released details of a hard-fought transatlantic trade deal.

"It is the sovereign right of the EU and its member states to regulate economic activities on our territory," European Commission chief spokesperson Paula Pinho told reporters in response.

The EU has already slapped heavy fines on US behemoths including Meta and Apple under its new digital rules, which have faced months of pushback from Trump's administration.

EU tech spokesman Thomas Regnier said the bloc could "firmly rebut" the idea pushed by Trump that its rules targeted US companies.

"The DSA does not look at the colour of a company, at the jurisdiction of a company," Regnier said -- noting that the last three enforcement decisions under the law had been against China's AliExpress and TikTok, and Chinese-founded Temu.

Aimed at protecting consumers from disinformation and hate speech as well as counterfeit or dangerous goods, the DSA obliges platforms to swiftly remove illegal content or make it inaccessible.

Among its provisions, the law instructs platforms to suspend users who frequently share illegal content such as hate speech -- something framed as "censorship" by detractors from Meta CEO Mark Zuckerberg to the US State Department.

"The claims that the DSA is a censorship tool are completely wrong and completely unfounded," Regnier said.

"We're not asking platforms to remove content. We're asking them to enforce their own terms and conditions."

- 'Speculative' -

Trump's latest threat comes after the United States and the EU finally released details of the trade deal struck between the US leader and European Commission President Ursula von der Leyen in July to end a months-long transatlantic standoff.

A joint statement issued last Thursday confirmed that the deal imposes a 15-percent US levy on most EU exports, including cars, pharmaceuticals, semiconductors and lumber, but negotiations are not over and some moving parts remain.

The bloc's trade chief Maros Sefcovic insisted last week that Brussels successfully kept digital issues "out of the trade negotiations" with Washington -- and that the bloc's "regulatory autonomy" was not up for debate.

The commission's Pinho stood by those comments, saying Trump's latest threat would not derail work on implementing the agreement.

"We have a clear framework on which we are working," she said, adding: "any other measures which fall out of the scope of this framework agreement at this stage are merely speculative."

N.Kratochvil--TPP