WASHINGTON— President Donald Trump threatened the European Union with “substantial” tariffs on Friday after regulators hit Google with another $1 billion antitrust fine, accusing Europe of treating the United States like its own “PIGGYBANK.” Trump accused the EU of “taking direct aim at GREAT American Companies!” “After having fined Apple, for no reason at all, 15 Billion Dollars, Meta, 3 Billion Dollars, Amazon 2.5 Billion Dollars, and many others, we have just been informed that Google, a truly advanced and amazing group, has been fined yet another 1 Billion Dollars, without explanation,” Trump posted on Truth Social. The latest penalty brings Google’s total EU fines to more than $18 billion, the president said. “This illegal and highly discriminatory practice started at these high levels during the first year of the Sleepy Joe Biden Administration, but it’s not going to continue during the Trump Administration,” Trump said, adding: “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!” US President Donald Trump speaks in the Rose Garden of the White House in Washington, DC, US, on Thursday, July 23, 2026. Photographer: Samuel Corum/Sipa/Bloomberg via Getty Images Trump warned that the EU’s actions would trigger a strong response from the United States. “Please let this TRUTH serve to represent that we will immediately initiate a 301 Investigation into the practice of ‘ROBBING’ American Companies and, in turn, the American Taxpayer,” Trump wrote. “The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about.” “The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment,” he added. “Stay tuned!” Google did not immediately respond to a request for comment from The Daily Wire.