TNB Tech Minute: Trump Threatens New EU Tariffs Over Tech Fines

Jul 24, 2026 · Summarized Jul 24, 2026

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Key takeaways

President Trump is considering new tariffs on the EU, escalating trade tensions following the EU's fine against Google.
Verizon is facing revenue challenges but is actively seeking new opportunities, including a major deal with Google.
Charter Communications continues to see revenue declines due to increased competition and shifting consumer habits in media consumption.

Summary

U.S. Trade Tensions with the European Union

President Trump has threatened new tariffs on the EU in response to the EU's decision to fine Google $1 billion for violating digital competition rules. The Trump administration plans to open an investigation under Section 301 of the 1974 Trade Act, which could lead to further tariffs on the EU if it is found that the EU discriminates against U.S. companies.

Corporate Earnings and Tech Industry Developments

Verizon's revenue declined by 0.7% in the second quarter, mainly due to a drop in equipment sales as customers keep their devices longer. Verizon is exploring new revenue streams, including the AI infrastructure sector, and has signed a significant deal with Google to use Verizon’s dark fiber for data center connections. Meanwhile, Charter Communications experienced its fourth consecutive quarter of declining revenue, down 1.7%, with losses in internet and video subscribers but gains in mobile lines, amid increased competition and cord-cutting trends.

Show notes

Plus: Verizon Communications revenue falls in second quarter. Meanwhile, Charter Communications logs its fourth consecutive quarterly revenue decline. Julie Chang hosts.

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