EU Fines Apple, Meta Amid Geopolitical Tensions

The European Union is expected to impose 'modest' fines on Apple and Meta Platforms for allegedly violating the Digital Markets Act (DMA), a law that aims to limit the power of major tech companies and promote market competition. The fines, which could have been as high as 10% of global annual sales, are reportedly intended to ensure compliance rather than severely penalize the companies. Apple and Meta have been scrutinized by the European Commission since last year for potential breaches, while Apple argues that the DMA's requirements pose security risks. The context of these fines includes geopolitical tensions and a warning from U.S. President Donald Trump about imposing tariffs on countries that fine U.S. companies. The final decision on the fines is expected to be announced this month. Despite efforts from both companies to comply, regulators have continued to demand more substantial changes.