The Street: Trump is Taking Antitrust ‘Very Seriously’ – What Does that Mean for Big Tech?

In a recent interview, President Trump said his administration was looking “very seriously” at the idea that companies including Facebook, Amazon and Alphabet have gotten too big — although he appeared to contradict himself throughout the course of the interview.

Speaking to Axios, Trump said: “I’m not looking to hurt these companies, I’m looking to help them. As far as antitrust is concerned, we’ll have to take a look at that but I want them to do well.” He also seemingly took issue with the European Union’s regulation of big tech companies, saying that the EU “takes a lot of money out of our companies” and that it should be the United States, not the EU, placing regulations on tech.

On antitrust law specifically, the White House has no direct authority over the enforcement of such issues, which are principally handled by the Federal Trade Commission or the Department of Justice.

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