US President Donald Trump blasted European Union regulators for targeting Apple Inc., Alphabet Inc.’s Google and Meta Platforms Inc., describing their cases against American companies as “a form of taxation.

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

A report by Proton had revealed that Google had to pay the maximum fine for abusing its market position. Its parent company, Alphabet, paid a total fine of $2.9 billion, which also included a $2.5 billion penalty from the European Union.

European politicians and advocacy groups say the region’s legislation will not dismantle the monopolies of Big Tech companies.