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Back in 2019, I posted the following news item by Politico:

European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook.

According to a document obtained by POLITICO, European Commission officials are pushing their president-elect, Ursula von der Leyen, to set up a European Future Fund that would invest more than $100 billion in equity stakes in high-potential European companies.

The goal: get Europe competing head-on with the American and Chinese tech giants it has lagged behind for decades.

They’re also advocating for Europe to show more grit in Trump’s trade war, saying the EU should slap tariffs unilaterally on the United States. https://www.politico.com/story/2019/08/22/europe-plan-trump-tech-companies-1472326

Well, the European Union’s Court of Justice took a step that the US would not like:

Europe’s top court just delivered multi-billion-dollar blows to Apple and Google

September 10, 2024

Apple has lost its fight to dodge a €13 billion ($14.4 billion) tax bill following a ruling by Europe’s top court Tuesday, which dealt a blow to the world’s most valuable company just a day after the iPhone maker unveiled a host of product upgrades to boost sales.

The European Court of Justice also upheld a €2.4 billion ($2.6 billion) antitrust fine against Google, in a separate decision.

The two ECJ rulings are final, which means the companies cannot appeal them. https://www.cnn.com/2024/09/10/tech/europe-ruling-apple-tax-google-fine/index.html

Google loses final EU court appeal against $2.7 billion fine in antitrust shopping case

September 10, 2024

Google lost its final legal challenge on Tuesday against a European Union penalty for giving its own shopping recommendations an illegal advantage over rivals in search results, ending a long-running antitrust case that came with a whopping fine.

The European Union’s Court of Justice upheld a lower court’s decision, rejecting the company’s appeal against the $2.7 billion penalty from the European Commission, the 27-nation bloc’s top antitrust enforcer.

“By today’s judgment, the Court of Justice dismisses the appeal and thus upholds the judgment of the General Court,” the court said in a press release summarizing its decision.

The commission’s punished the Silicon Valley giant in 2017 for unfairly directing visitors to its own Google Shopping service to the detriment of competitors. It was one of three multibillion-dollar fines that the commission imposed on Google in the previous decade as Brussels started ramping up its crackdown on the tech industry.

“We are disappointed with the decision of the Court, which relates to a very specific set of facts,” Google said in a brief statement.

The company said it made changes in 2017 to comply with the commission’s decision requiring it to treat competitors equally. It started holding auctions for shopping search listings that it would bid for alongside other comparison shopping services.

“Our approach has worked successfully for more than seven years, generating billions of clicks for more than 800 comparison shopping services,” Google said.

At the same time, the company appealed the decision to the courts. But the EU General Court, the tribunal’s lower section, rejected its challenge in 2021 and the Court of Justice’s adviser later recommended rejecting the appeal.

European consumer group BEUC hailed the court’s decision, saying it shows how the bloc’s competition law “remains highly relevant” in digital markets.

“Google harmed millions of European consumers by ensuring that rival comparison shopping services were virtually invisible,” director general Agustín Reyna said. “Google’s illegal practices prevented consumers from accessing potentially cheaper prices and useful product information from rival comparison shopping services on all sorts of products, from clothes to washing machines.” https://www.voanews.com/a/google-loses-final-eu-court-appeal-against-2-7-billion-fine-in-antitrust-shopping-case-/7778300.html

September 10, 2024

“The European Commission is trying to retroactively change the rules and ignore that, as required by international tax law, our income was already subject to taxes in the US. We are disappointed with today’s decision as previously the general court reviewed the facts and categorically annulled this case,” Apple wrote in a statement to The Guadrian.

Bloomberg Intelligence’s Anurag Rana and Andrew Girard weighed in on Apple’s defeat:

“The EU top court’s reinstatement of a €13 billion tax penalty against Apple doesn’t pose significant operational threat. Apple put the sum in escrow after the 2016 ruling, and disclosed nearly $62 billion in cash and marketable securities in 3Q. Ireland has tightened the tax program that underpinned the EU’s decision, leaving little risk of further action. Pending EU inquiries into the App Store, brought under a new legal regime, pose a more tangible challenge as they are likely to force Apple to open its walled ecosystem.”

Apple shares in premarket trading in New York were down a little over 1%.

“Today is a big win for European citizens and for tax justice.

The Court of Justice confirms that Ireland granted Apple unlawful aid which Ireland now has to recover, and the Commission’s decision in the Google Shopping antitrust case.” https://www.zerohedge.com/technology/big-win-eus-vestager-celebrates-apple-loses-eu13bn-ireland-tax-bill-case

— Executive Vice President @vestager pic.twitter.com/1Fko0F66S2

— European Commission (@EU_Commission) September 10, 2024

Yes, many in the EU see this as a big win.

Europe, however, still has concerns about trade with the US.

Notice the following from earlier this year:

EU fears trade war if Trump reelected – Bloomberg

8 February 2024

The EU is bracing itself for a possible trade war with the US if Donald Trump wins the presidential election in November, Bloomberg reported on Wednesday, citing an anonymous official within the bloc.

The European Commission is working on a formal economic assessment of how a Trump victory would impact member states, the source told the business news agency, without offering details of Brussels’ potential response.

In a separate article based on interviews with Trump campaign insiders, Bloomberg reported that his administration would impose a minimum 10% tariff on imports from the EU, the same as for China.

Another proposal involves retaliation for the taxes imposed by Brussels on digital services in the past several years, which have targeted US-based tech giants such as Meta and Amazon. The counteraction would be launched under provisions in the Trade Act of 1974, which Trump deployed during his first term to address trade imbalances with foreign nations, sources explained. https://www.rt.com/news/592059-eu-us-trade-war/

Yes, there are trade concerns that the Europeans have about the US and specifically Donald Trump. Massive fines against US companies is something Donald Trump and perhaps even Kamala Harris will tend to remember when it comes to trade talks.

Here is part of number 8 of my list of 24 items to prophetically watch in 2024:

8. Trade …

Expect more trade conflict between Europe and the USA and UK. …

Europe will work on getting more of the world to accept its standards and trading matters. This will help Europe ultimately dominate trade.

For a time, Babylon will dominate world trade:

2 And he cried mightily with a loud voice, saying, “Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird! 3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury.” (Revelation 18:2-3).

While ‘Babylon’ will not fully reign in 2024, with the USA pulling out of trade deals and/or wishing to change them, steps are occurring that are pushing Europe to dominate trade (watch Trade Wars: Are COG warnings coming to pass?).

Europe has long wanted to push past US computer-related tech, and now its fine against Google and the tax matter against Apple will slightly hurt hurt those US firms while slightly aiding the EU budget.

Europe, itself, will have economic distress before it unites to fulfill its prophesied economic dominance on the world. But for a time it will succeed.

Notice some of what is shown in places such as Revelation 18 discussing some of the reach of the end time European Babylon:

3 … all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury. (Revelation 18:3)

9 The kings of the earth who committed fornication and lived luxuriously with her … 19 in which all who had ships on the sea became rich by her wealth! (Revelation 18:9,19)

Europe does not have to be perfect to do this, but be perceived, for a time, as the best economic option for the world.

Although it does not look like that now to most people, Europe is prophesied to do so.

Trade will be a factor in what can be called World War III–and this war will be a conflict with Europe (but the ‘shooting’ aspect of this will not happen before 2027; for some details, see When Will the Great Tribulation Begin?).

We continue to see steps that are leading up to it.

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This entry was posted on Tuesday, September 10th, 2024 at 3:30 pm and is filed under Prophecy.

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