Trump has also given some early signs that he might push back on attempts to punish American firms like Meta. While speaking at the World Economic Forum last month, the President said the EU shouldn’t be fining American companies, calling it “a form of taxation” and saying “We have some very big complaints with the EU.”

Social media giant Meta ($META) recently warned the European Union that it will seek help from President Trump if it continues to impose harsh

During the Munich Security Conference, Meta’s recently appointed chief of global affairs Joel Kaplan, told the audience that Meta will not shy away from involving Trump if the company continues to face regulatory issues with the EU.