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WASHINGTON (AP) — The United States will open a formal investigation into the European Union’s trade practices, President Donald Trump said on Friday, claiming the bloc has unfairly levied billions of dollars of fines against Google, Apple and other U.S. tech giants.

The Republican president made the announcement a day after the EU hit Google with a fine of 890 million euros, or $1 billion, after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers toward its own services and apps to the detriment of competitors.

In a lengthy post on social media, Trump said he has warned the EU about its practice of fining U.S. tech companies. He named Google, Apple, Meta, Amazon and others.

“The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!” Trump said, adding that his post should serve as notice of an immediate trade investigation “into the practice of ‘ROBBING’ American Companies and, in turn, the American Taxpayer.”

“The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about,” he said.

In the post, Trump asserted that the penalties against the companies “will be entirely reversed” and predicted “a substantial TARIFF” would be placed on the EU “at the earliest possible moment.”

“Stay tuned!” he said.

Investigation follows new Trump tariffs

Trump’s move comes a day after the White House announced double-digit tariffs on imports from more than 60 countries, accusing them of inadequately enforcing bans on goods produced by forced labor. The new tariffs replace temporary 10% worldwide import taxes that Trump imposed after the Supreme Court struck down his biggest tariffs.

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The new tariffs are being implemented using Section 301 of the Trade Act of 1974, which permits the president to impose import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices.

José Castañeda, a spokesperson for Google, said the company has worked hard to comply with the EU’s Digital Markets Act and has expressed its concerns about the effects of recent decisions by the European Commission.

“We appreciate the engagement by the administration and U.S. government,” he said.

Representatives of Amazon, Apple, Meta, and Microsoft did not immediately respond to requests for comment. There also was no immediate comment from the Brussels-based European Commission.

Trump had threatened retaliation over EU fines

The EU’s billion-dollar fine against Google was the latest major crackdown on Big Tech by Brussels, which has led the world in reining in some of the world’s largest companies from Silicon Valley to Beijing.

It has done so despite the risk of incurring the wrath of Trump, who has lashed out at the 27-nation bloc’s digital regulations in a broader campaign against Europe: imposing high tariffs, making threats to seize Greenland from Denmark by force, and rattling trust within the NATO military alliance.

Trump had threatened retaliation if American tech companies are penalized.

Google had recently lost its appeal of a $4.5 billion antitrust fine imposed by the EU for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system.

The European Commission, the bloc’s executive branch and highest antitrust enforcer, said it was acting in the interest of consumers after an investigation of Google.

“The best products should succeed because they’re better, not because they’re owned by the company running the search engine. And European consumers have a right to be told by app developers where to sign up to the best offers, even when the app store owner does not get a cut,” said Teresa Ribera, the commission’s executive vice president for clean, just and competitive transition.

Google’s president of global affairs, Kent Walker, assailed the fine as “product degradation driven by a small group of self-serving complainants” that will hurt European businesses and consumers.

He said the EU’s Digital Markets Act forces Google “to strip away real-time search features Europeans love — like instant pricing and direct availability for hotels, flights, and restaurants — and dismantle safety protections on Google Play.”

The EU describes some of the world’s leading tech giants — Amazon, Apple, Google parent Alphabet, Meta, Microsoft and TikTok owner ByteDance — as “gatekeepers” that control access for consumers.

“In the EU, businesses have the right to compete fairly. Gatekeepers have the obligation to ensure a level playing field and consumers the right to choose for cheaper alternative offers,” European Commission spokesperson Thomas Regnier said. Alphabet reported $403 billion in revenue last year.

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Associated Press writer Kaitlyn Huamani in Los Angeles contributed to this report.