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Apple Inc. and Meta Platforms Inc. were hit by relatively modest European Union fines totalling 700 million euros ($798 million) for violating tough new antitrust rules for Big Tech following warnings of harsh retaliation from US President Donald Trump.
EU regulators levied the penalties — 500 million euros against Apple and 200 million euros against Meta — under its Digital Markets Act, which includes a list of dos and don’ts for Silicon Valley giants.
The punishments are far lower than previous penalties under traditional EU competition law,…
