{"id":65376,"date":"2026-07-24T23:08:16","date_gmt":"2026-07-25T03:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-threatens-eu-tariffs-following-google-fine-apple-seeks-china-chip-waiver\/65376\/"},"modified":"2026-07-24T23:08:16","modified_gmt":"2026-07-25T03:08:16","slug":"trump-threatens-eu-tariffs-following-google-fine-apple-seeks-china-chip-waiver","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-threatens-eu-tariffs-following-google-fine-apple-seeks-china-chip-waiver\/65376\/","title":{"rendered":"Trump Threatens EU Tariffs Following Google Fine; Apple Seeks China Chip Waiver"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump has threatened &quot;substantial&quot; Section 301 tariffs on the European Union<\/strong> in retaliation for a <strong>$1 billion (\u20ac890 million)<\/strong> antitrust fine levied against Alphabet Inc. (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) by EU regulators.<\/li>\n<li><strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) is lobbying the White House for permission to use Chinese memory chips<\/strong> from <strong>CXMT<\/strong> and <strong>YMTC<\/strong> in overseas products to combat a global shortage that has seen component prices quadruple.<\/li>\n<li><strong>Chinese President Xi Jinping is scheduled to visit the U.S. on September 24<\/strong>, with high-level discussions expected to focus on <strong>artificial intelligence<\/strong> and trade stability.<\/li>\n<li><strong>Tropical Storm Genevieve is forecast to undergo rapid intensification<\/strong>, likely becoming a <strong>major hurricane<\/strong> by late Sunday as it moves off the southwestern coast of Mexico.<\/li>\n<li><strong>Yemeni Houthi rebels claimed a missile and drone strike on the King Khalid Air Base<\/strong> in Khamis Mushait, Saudi Arabia, marking a sharp escalation in regional hostilities.<\/li>\n<\/ul>\n<h2>Trump Escalates Trade War with EU Over Tech Fines<\/h2>\n<p>President <strong>Donald Trump<\/strong> announced on Friday that the U.S. will launch a <strong>Section 301 investigation<\/strong> into the European Union&#39;s regulatory practices. The move comes after the European Commission fined Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) <strong>$1 billion<\/strong> for alleged antitrust violations related to its app store and search engine. Trump characterized the fine as &quot;robbing&quot; American companies and warned that the EU would pay a &quot;very big price&quot; through new, substantial tariffs.<\/p>\n<p>The President&#39;s rhetoric signals a new front in transatlantic trade tensions, specifically targeting the EU&#39;s <strong>Digital Markets Act<\/strong>. Trump noted that the investigation would aim to &quot;entirely reverse&quot; the impact of penalties previously leveled against other U.S. tech giants, including Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>), Meta (<a href=\"\/stock\/META\">META<\/a>), and Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>). <em>Market analysts warn that these retaliatory duties could disrupt global supply chains just as previous global tariff regimes were being restructured.<\/em><\/p>\n<h2>Apple and Micron Clash Over Chinese Semiconductor Sourcing<\/h2>\n<p>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) is reportedly in a high-stakes dispute with <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>) over the use of Chinese-made memory chips. Apple CEO <strong>Tim Cook<\/strong> has personally lobbied administration officials to allow the company to source DRAM and NAND flash from <strong>ChangXin Memory Technologies (CXMT)<\/strong> and <strong>Yangtze Memory Technologies (YMTC)<\/strong> for products sold outside the U.S. Apple argues that the move is necessary to mitigate a &quot;global memory shortage&quot; that has forced recent price hikes of <strong>$100 to $500<\/strong> on various hardware models.<\/p>\n<p>Micron (<a href=\"\/stock\/MU\">MU<\/a>) is aggressively lobbying against the waiver, arguing that permitting such deals would undermine domestic manufacturing and national security. Both <strong>CXMT<\/strong> and <strong>YMTC<\/strong> are currently designated as Chinese military companies by the Pentagon. <em>The decision rests with the White House, which must now balance consumer price stability against the strategic goal of decoupling from Chinese high-tech suppliers.<\/em><\/p>\n<h2>Diplomatic and Geopolitical Developments<\/h2>\n<p>In a significant diplomatic breakthrough, President Trump confirmed that Chinese President <strong>Xi Jinping<\/strong> will visit the United States on <strong>September 24<\/strong>. The summit is expected to prioritize the &quot;AI arms race&quot; and economic stability. This announcement coincided with reports from Yemen&#39;s <strong>Tasnim<\/strong> news agency that Houthi forces targeted the <strong>King Khalid Air Base<\/strong> in Saudi Arabia. While the Saudi-led coalition claimed to have intercepted the threats, the incident has renewed concerns over energy security and regional stability in the Middle East.<\/p>\n<h2>Hurricane Genevieve Forecast to Reach Major Status<\/h2>\n<p>The <strong>National Hurricane Center (NHC)<\/strong> has issued an advisory for <strong>Tropical Storm Genevieve<\/strong>, which is currently located approximately 570 miles south of Zihuatanejo, Mexico. Forecasters expect the storm to undergo <strong>rapid intensification<\/strong> due to record-high ocean heat potential. Genevieve is projected to reach hurricane strength by Saturday and become a <strong>major hurricane (Category 3 or higher)<\/strong> by late Sunday. While currently staying offshore, the storm is expected to produce life-threatening surf and rip currents along the Mexican coast and the Baja California peninsula by early next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump has threatened &quot;substantial&quot; Section 301 tariffs on the European Union in retaliation for a $1 billion 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