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Reading: Trump-Appointed FCC Chair To Europe: If You are Apprehensive About Elon Musk’s Starlink After The Ukraine Menace, ‘Simply Wait For The CCP’s Model…’ – Alphabet (NASDAQ:GOOG), Telefonaktiebolaget L M (NASDAQ:ERIC)
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StockWaves > Trading > Trump-Appointed FCC Chair To Europe: If You are Apprehensive About Elon Musk’s Starlink After The Ukraine Menace, ‘Simply Wait For The CCP’s Model…’ – Alphabet (NASDAQ:GOOG), Telefonaktiebolaget L M (NASDAQ:ERIC)
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Trump-Appointed FCC Chair To Europe: If You are Apprehensive About Elon Musk’s Starlink After The Ukraine Menace, ‘Simply Wait For The CCP’s Model…’ – Alphabet (NASDAQ:GOOG), Telefonaktiebolaget L M (NASDAQ:ERIC)

StockWaves By StockWaves Last updated: April 16, 2025 4 Min Read
Trump-Appointed FCC Chair To Europe: If You are Apprehensive About Elon Musk’s Starlink After The Ukraine Menace, ‘Simply Wait For The CCP’s Model…’ – Alphabet (NASDAQ:GOOG), Telefonaktiebolaget L M (NASDAQ:ERIC)
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A prime Donald Trump official has urged European allies to again Starlink, a subsidiary of Elon Musk’s SpaceX and U.S. tech over China.

What Occurred: Federal Communications Fee chairman Brendan Carr advised the Monetary Occasions that European hesitation over Starlink service is misplaced.

His feedback observe considerations raised after Washington threatened to close off Starlink service in Ukraine. “In the event you’re involved about Starlink, simply look forward to the CCP’s model, you then’ll be actually fearful,” Carr mentioned.

Carr has been a powerful supporter of Musk’s Starlink. He staunchly opposed the FCC’s choice to not supply almost $900 million in subsidies to Starlink.

The FCC chair criticized what he described as European “protectionism” and an “anti-American” bias, particularly within the regulatory therapy of U.S. firms. He added that Europe wants to decide on sides: “It is kind of time for selecting.”

See Additionally: Trump’s Tariff Worries? Ross Gerber Factors Out Ordering EU Items Beneath $800 Nonetheless Retains You Tax-Free

U.Ok.-based telecom corporations BT and Virgin Media O2 are at the moment trialing Starlink’s tech, although neither has entered a proper settlement.

Carr additionally warned that European suppliers like Nokia Company NOK and Ericsson ERIC might face Trump-era tariffs except they broaden U.S.-based manufacturing.

Nokia beforehand mentioned that it sees the U.S. as its “second dwelling,” with main manufacturing and R&D already primarily based within the nation. Ericsson already has a manufacturing unit in Texas and will broaden additional, relying on tariffs.

Why It is Essential: Final week, studies emerged that the EU and China had agreed to discover setting minimal costs for Chinese language-made electrical autos. The talks come in opposition to the backdrop of rising international commerce tensions following Trump’s sweeping new tariffs.

Musk, who can be the CEO of Tesla Inc. TSLA CEO reportedly made a direct enchantment to Trump, urging him to reverse the tariffs and as an alternative help the creation of a “free commerce zone” between Europe and the U.S.

Nonetheless, regardless of Musk’s substantial political donations to Republicans and his advisory relationship with Trump, his efforts have to this point been unsuccessful.

Earlier, it was additionally reported that the EU is contemplating implementing taxes on main U.S. tech corporations akin to Meta Platforms, Inc. META and Alphabet Inc’s GOOG GOOGL Google if present tariff discussions with the Trump administration don’t result in a decision.

Photograph Courtesy: Mark Van Scyoc on Shutterstock.com

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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.

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SK Hynix second-quarter income and revenue hit file highs
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