BERLIN, Dec 9 (Reuters) – Foreign companies, including those from the United States, must obey German and EU rules when they operate there, Germany’s chancellor said on Tuesday, responding to U.S. President Donald Trump’s criticism of a fine imposed on social media platform X. “Just as European and German companies have to follow the rules […]
Business
Germany’s Merz on X fine: Obey our laws if you operate here
Audio By Carbonatix
BERLIN, Dec 9 (Reuters) – Foreign companies, including those from the United States, must obey German and EU rules when they operate there, Germany’s chancellor said on Tuesday, responding to U.S. President Donald Trump’s criticism of a fine imposed on social media platform X.
“Just as European and German companies have to follow the rules in America, sometimes facing very draconian punishments, so American companies must accept our rules here, and if they don’t, then there are possiblities for sanctioning them,” Friedrich Merz told reporters.
“There are legal avenues for challenging (those sanctions), and they are available to all companies, European and American,” he added.
Trump described on Monday as “nasty” the 120 million euro fine the European Commission levied on Elon Musk’s social media platform for violating European transparency rules.
(Reporting by Thomas EscrittEditing by Gareth Jones)