New EU competition official Whelan will hold the line on the big tech dispute despite pressure from US President Trump, according to FT

The reaffirmation by the new EU competition official Whelan to maintain a tough stance on big tech regulation, despite external pressure from President Trump, signals a potential escalation in transatlantic trade tensions. This stance may lead to heightened regulation concerns for major tech firms and could impact market sentiments across equities and currencies, particularly influencing USD/EUR dynamics as traders assess the implications for trade relations.