The China Mail - The European laws curbing big tech... and irking Trump

USD -
AED 3.672501
AFN 65.000199
ALL 81.25221
AMD 377.970239
ANG 1.79008
AOA 916.999871
ARS 1431.316102
AUD 1.41224
AWG 1.8025
AZN 1.70377
BAM 1.646747
BBD 2.012849
BDT 122.13779
BGN 1.67937
BHD 0.377017
BIF 2957.159456
BMD 1
BND 1.268203
BOB 6.920331
BRL 5.202609
BSD 0.999352
BTN 90.600003
BWP 13.170436
BYN 2.880286
BYR 19600
BZD 2.009919
CAD 1.35806
CDF 2199.999931
CHF 0.767302
CLF 0.021643
CLP 854.629826
CNY 6.93895
CNH 6.91671
COP 3680.95
CRC 495.427984
CUC 1
CUP 26.5
CVE 92.841055
CZK 20.32555
DJF 177.96339
DKK 6.268725
DOP 62.913099
DZD 129.466972
EGP 46.862976
ERN 15
ETB 155.88032
EUR 0.83916
FJD 2.190594
FKP 0.735168
GBP 0.73238
GEL 2.694984
GGP 0.735168
GHS 10.998097
GIP 0.735168
GMD 73.000171
GNF 8773.443914
GTQ 7.666239
GYD 209.083408
HKD 7.814445
HNL 26.398747
HRK 6.317002
HTG 131.056026
HUF 316.210018
IDR 16801.15
ILS 3.08924
IMP 0.735168
INR 90.67025
IQD 1309.202051
IRR 42125.000158
ISK 121.6903
JEP 0.735168
JMD 156.313806
JOD 0.709001
JPY 155.725504
KES 128.950256
KGS 87.449976
KHR 4030.614822
KMF 418.999929
KPW 899.993603
KRW 1457.934986
KWD 0.30689
KYD 0.832814
KZT 493.541923
LAK 21477.436819
LBP 89494.552313
LKR 309.311509
LRD 185.885751
LSL 16.017682
LTL 2.95274
LVL 0.60489
LYD 6.318253
MAD 9.139958
MDL 16.974555
MGA 4387.600881
MKD 51.726887
MMK 2099.674626
MNT 3566.287566
MOP 8.045737
MRU 39.684257
MUR 45.980108
MVR 15.450228
MWK 1732.903356
MXN 17.17654
MYR 3.934502
MZN 63.749962
NAD 16.017682
NGN 1357.829805
NIO 36.777738
NOK 9.58189
NPR 144.959837
NZD 1.652899
OMR 0.38449
PAB 0.999356
PEN 3.35639
PGK 4.347991
PHP 58.426977
PKR 279.449595
PLN 3.53305
PYG 6589.344728
QAR 3.643
RON 4.271901
RSD 98.519014
RUB 77.39937
RWF 1459.087618
SAR 3.750614
SBD 8.058149
SCR 13.856617
SDG 601.50654
SEK 8.93125
SGD 1.265785
SHP 0.750259
SLE 24.450154
SLL 20969.499267
SOS 570.112659
SRD 37.971496
STD 20697.981008
STN 20.628626
SVC 8.744817
SYP 11059.574895
SZL 16.010474
THB 31.123007
TJS 9.359244
TMT 3.505
TND 2.886817
TOP 2.40776
TRY 43.594401
TTD 6.770456
TWD 31.541026
TZS 2583.596971
UAH 43.079799
UGX 3557.370493
UYU 38.318564
UZS 12295.451197
VES 377.985125
VND 25910
VUV 119.675943
WST 2.73072
XAF 552.310426
XAG 0.012258
XAU 0.000199
XCD 2.70255
XCG 1.801105
XDR 0.689856
XOF 552.30345
XPF 100.414676
YER 238.399323
ZAR 15.91755
ZMK 9001.199361
ZMW 18.893454
ZWL 321.999592
  • RYCEF

    0.4200

    17.3

    +2.43%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • VOD

    0.3350

    15.445

    +2.17%

  • BTI

    -1.8550

    60.945

    -3.04%

  • NGG

    -0.2500

    87.81

    -0.28%

  • BP

    0.1550

    39.165

    +0.4%

  • GSK

    -1.2800

    58.95

    -2.17%

  • AZN

    -3.2400

    189.79

    -1.71%

  • RIO

    2.9200

    96.33

    +3.03%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    -0.0120

    23.56

    -0.05%

  • RELX

    -0.0100

    29.37

    -0.03%

  • BCC

    -0.8100

    90.22

    -0.9%

  • CMSD

    0.0000

    23.95

    0%

  • JRI

    -0.2300

    12.74

    -1.81%

  • BCE

    0.5000

    25.58

    +1.95%

The European laws curbing big tech... and irking Trump
The European laws curbing big tech... and irking Trump / Photo: © AFP/File

The European laws curbing big tech... and irking Trump

Fresh off a trade truce with Donald Trump, the EU is back in the US leader's crosshairs after he vowed to punish countries that seek to curb big tech's powers.

Text size:

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

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

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

But while he did not explicitly name the EU, the US leader cast new doubt on the status quo Monday by threatening fresh tariffs on countries with regulations that sought to "harm" American technology.

Here is a look at the EU rules drawing Trump's ire:

- Digital Services Act -

Rolled out in stages since 2023, the mammoth Digital Services Act forces online firms to aggressively police content in the 27 countries of the European Union -- or face major fines.

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

Companies must inform authorities when they suspect a criminal offence that threatens people's lives or safety.

And the law instructs platforms to suspend users who frequently share illegal content such as hate speech -- a provision framed as "censorship" by detractors across the Atlantic.

Tougher rules apply to a designated list of "very large" platforms that include US giants Apple, Amazon, Facebook, Google, Instagram, Microsoft and Snapchat.

These giants must assess dangers linked to their services regarding illegal content and privacy, set up internal risk mitigation systems, and give regulators access to their data to verify compliance.

Violators can face fines or up to six percent of global turnover, and for repeated non-compliance, the EU has the power to ban offending platforms from Europe.

- Digital Markets Act -

Since March 2024, the world's biggest digital companies have faced strict EU rules intended to limit abuses linked to market dominance, favour the emergence of start-ups in Europe and improve options for consumers.

Brussels has so far named seven so-called gatekeepers covered by the Digital Markets Act: Google's Alphabet, Amazon, Apple, TikTok parent ByteDance, Facebook and Instagram parent Meta, Microsoft and travel giant Booking.

In a bid to limit the ability of online giants to snuff out potential rivals, the rules require all buyouts to be notified to the European Commission, the EU's competition regulator.

Gatekeepers can be fined for locking in customers to use pre-installed services, such as a web browser, mapping or weather information.

The DMA has forced Google to overhaul its search display to avoid favouring its own services -- such as Google flights or shopping.

It requires that users be able to choose what app stores to use -- without going via the dominant two players, Apple's App Store and Google Play.

And it has forced Apple to allow developers to offer alternative payment options directly to consumers -- outside of the App Store.

The DMA has also imposed interoperability between messaging apps WhatsApp and Messenger and competitors who request it.

And it imposes new obligations on the world's biggest online advertisers -- namely Google's search engine and Meta's Facebook and Instagram -- by forcing them to reveal much more to advertisers and publishers on how their ads work.

Failure to comply with the DMA can carry fines in the billions of dollars, reaching 20 percent of global turnover for repeat offenders.

Z.Ma--ThChM