Apple, Meta hit by 700 million euros in EU fines after Trump threats

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,…