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Illustration: Lazaro Gamio/Axios

The European Commission fined Google the equivalent of about $1 billion Thursday for manipulating its search results to hurt competitors and blocking app developers from directing customers to cheaper deals outside its Play store.

Why it matters: The penalty lands a day before the White House is expected to impose a new round of tariffs and follows a warning to the EU from U.S. Trade Representative Jamieson Greer to stop imposing fees on U.S. tech companies.