Donald Trump called the EU's regulation on U.S. tech companies, like Meta, Google and Apple, to be "a form of taxation."

The European Commission has rejected US President Donald Trump's claims that the United States runs a trade deficit of $350 billion with the European Union. A commission spokesman said the $350-billion deficit does not exist and that the US and the EU have complementary strengths.

Donald Trump has headed straight to actions. Right from his first minutes in the White House, he cut the Gordian knot and implemented a major change of course in U.S. economic policy. Not only is he threatening to charge Mexico and Canada a 25% tariff on their products exported to the U.