Zürcher Nachrichten - With Trump comeback, will EU go easier on ally Musk?

EUR -
AED 3.884622
AFN 71.845215
ALL 98.56526
AMD 409.224079
ANG 1.905628
AOA 965.621197
ARS 1056.318894
AUD 1.633339
AWG 1.906389
AZN 1.799806
BAM 1.964065
BBD 2.134884
BDT 126.351728
BGN 1.956737
BHD 0.398642
BIF 3122.028536
BMD 1.057636
BND 1.422847
BOB 7.305745
BRL 6.130005
BSD 1.057355
BTN 89.243286
BWP 14.514149
BYN 3.460262
BYR 20729.662984
BZD 2.131269
CAD 1.485153
CDF 3031.184243
CHF 0.938959
CLF 0.037313
CLP 1029.58763
CNY 7.644573
CNH 7.651958
COP 4740.059545
CRC 540.052286
CUC 1.057636
CUP 28.02735
CVE 110.730991
CZK 25.277288
DJF 188.283246
DKK 7.458786
DOP 63.947904
DZD 141.286364
EGP 52.196432
ERN 15.864538
ETB 131.064782
FJD 2.404319
FKP 0.83481
GBP 0.83347
GEL 2.882089
GGP 0.83481
GHS 16.996527
GIP 0.83481
GMD 75.091551
GNF 9112.486638
GTQ 8.165401
GYD 221.210926
HKD 8.233595
HNL 26.698482
HRK 7.544391
HTG 138.920831
HUF 406.658904
IDR 16814.083479
ILS 3.953755
IMP 0.83481
INR 89.295508
IQD 1385.129062
IRR 44531.757669
ISK 145.900769
JEP 0.83481
JMD 167.385201
JOD 0.749964
JPY 164.408966
KES 136.96951
KGS 91.48592
KHR 4294.64687
KMF 493.382838
KPW 951.871879
KRW 1475.254041
KWD 0.325202
KYD 0.881108
KZT 524.206025
LAK 23227.749724
LBP 94684.562614
LKR 308.909991
LRD 195.081889
LSL 19.353847
LTL 3.122924
LVL 0.639753
LYD 5.164759
MAD 10.560542
MDL 19.153604
MGA 4953.870876
MKD 61.730909
MMK 3435.160039
MNT 3593.846618
MOP 8.476271
MRU 42.0333
MUR 49.931234
MVR 16.351333
MWK 1833.424297
MXN 21.53867
MYR 4.728165
MZN 67.529792
NAD 19.353847
NGN 1766.685256
NIO 38.910252
NOK 11.706712
NPR 142.789579
NZD 1.80052
OMR 0.407214
PAB 1.05735
PEN 4.028955
PGK 4.189214
PHP 62.130289
PKR 293.676773
PLN 4.316474
PYG 8257.751231
QAR 3.854539
RON 4.976813
RSD 116.985418
RUB 105.579986
RWF 1451.716144
SAR 3.972546
SBD 8.866568
SCR 14.542056
SDG 636.163919
SEK 11.59133
SGD 1.417808
SHP 0.83481
SLE 24.00983
SLL 22178.100313
SOS 604.245714
SRD 37.394301
STD 21890.927079
SVC 9.251935
SYP 2657.341694
SZL 19.361571
THB 36.861252
TJS 11.271286
TMT 3.701726
TND 3.339469
TOP 2.47709
TRY 36.409859
TTD 7.179212
TWD 34.343573
TZS 2813.311443
UAH 43.588942
UGX 3880.329656
USD 1.057636
UYU 44.919247
UZS 13541.988977
VES 48.069456
VND 26853.374652
VUV 125.564655
WST 2.952487
XAF 658.732268
XAG 0.03451
XAU 0.000412
XCD 2.858314
XDR 0.796556
XOF 658.732268
XPF 119.331742
YER 264.25052
ZAR 19.237653
ZMK 9519.992964
ZMW 28.997029
ZWL 340.558318
  • CMSC

    0.0100

    24.56

    +0.04%

  • RBGPF

    1.6500

    61.84

    +2.67%

  • SCS

    0.0700

    13.34

    +0.52%

  • RYCEF

    -0.3200

    6.79

    -4.71%

  • VOD

    0.1000

    8.78

    +1.14%

  • RIO

    0.6800

    61.11

    +1.11%

  • BTI

    0.3750

    35.865

    +1.05%

  • NGG

    0.1500

    62.52

    +0.24%

  • BCE

    -0.1900

    26.65

    -0.71%

  • GSK

    -1.0159

    32.985

    -3.08%

  • BCC

    1.5200

    141.87

    +1.07%

  • AZN

    -1.5200

    63.52

    -2.39%

  • RELX

    -1.2300

    44.72

    -2.75%

  • CMSD

    0.0422

    24.4

    +0.17%

  • JRI

    -0.0532

    13.0233

    -0.41%

  • BP

    0.1100

    29.16

    +0.38%

With Trump comeback, will EU go easier on ally Musk?

With Trump comeback, will EU go easier on ally Musk?

Donald Trump's White House comeback gives his ally Elon Musk a sizeable advantage in a running standoff with EU tech regulators -- who may now think twice before fining his X platform over disinformation concerns.

Text size:

The world's richest man -- as the boss of Tesla and SpaceX as well as the former Twitter -- threw his full weight into Trump's campaign to reclaim the US presidency.

Musk backed the Republican with hard cash but also used his far-reaching social media platform to push pro-Trump messages, including inflammatory disinformation, to his more than 200 million followers.

The bet amply paid off, with a victorious Trump tapping Musk for an outsized role to overhaul the US government -- and putting Brussels in an uncomfortable spot.

With the European Union counting on continued US backing to keep an aggressive Russia from its borders, can it really afford to upset Trump by going after a prized ally?

Trump's future vice-president J.D. Vance even mused on the campaign trail that Washington could drop support for NATO if the EU presses on with attempts to regulate Musk's X network under a landmark new content law.

"American power comes with certain strings attached. One of those is respect free speech, especially in our European allies," he warned.

For Musk, hostility to the EU's Digital Services Act (DSA) is about more than just business: along with supporters on the American right he increasingly paints it as an ideological battle against censorship.

"The election in the US will not impact our enforcement work," a spokesman for the European Commission -- the powerful tech enforcer for the 27-nation EU -- told AFP.

But experts are not so sure.

- Billions in fines? -

Musk's X platform was formally accused by the commission in July of misleading users with its blue checkmarks for certified accounts, of insufficient advertising transparency and failing to give researchers access to the platform's data.

The allegations are part of a wider DSA inquiry into how X tackles the spread of illegal content and information manipulation.

Each offence could theoretically trigger a fine of up to six percent of the annual global turnover of all the companies Musk controls -- reaching into the billions.

According to several sources close to the proceedings, the commission was wrapping up its probe -- and readying a heavy fine -- when its digital chief Thierry Breton quit in September, having been denied a second term by EU chief Ursula von der Leyen.

But the stars have since realigned, with the EU now caught in the headlights for fear the volatile Trump will start a trade war and cut support for Ukraine against the Russian invasion.

- 'Provoke' Trump? -

With Trump at the reins, enforcing EU tech rules against X may become a matter of politics as much as anything else.

"I'd be surprised if the commission chooses to provoke Trump over something like this," said Alexandre de Streel, an expert at the Center on Regulation in Europe (CERRE) think tank.

"Transatlantic relations are going to become more complicated -- and this probably isn't the area where they will need to fight hardest," he said.

"Musk believes the DSA goes too far in how it asks platforms to regulate content -- and that is also the view of far-right parties in Europe," de Streel noted. "It's become a battle of ideas, and I don't see Musk folding -- especially not now."

The European Commission also has to factor in Trump's hard-right allies within the bloc, from Hungarian Prime Minister Viktor Orban to Italian leader Giorgia Meloni.

After Trump's re-election, von der Leyen stressed the importance of the EU-US "partnership" and a "strong transatlantic agenda" -- a stance echoed by Breton's designated successor as digital enforcer, Henna Virkkunen.

"With war on its doorstep, Europe must think carefully," said Umberto Gambini, of European affairs consultancy Forward Global. "I don't think it can afford to upset Trump in these first months."

Gambini predicts that the commission's probes into X will keep ticking along but the departure of Breton -- who clashed spectacularly with Musk via social media -- will offer a chance to reset the relationship.

Already back in August, Brussels had distanced itself from a letter of warning sent by the French commissioner before Musk interviewed Trump live on X.

That said, "if Europe wants to remain credible" in the fight to rein in Big Tech, it "has to keep threatening fines in the billions, not millions", Gambini said.

But with fragile transatlantic ties in mind, it may choose to focus its firepower on Chinese platforms such as TikTok instead, judged the EU expert.

M.J.Baumann--NZN