BRUSSELS, April 30 (Reuters) - Microsoft ( MSFT )
respects European laws including landmark legislation which
seeks to rein in the power of Big Tech, its President Brad Smith
said on Wednesday, putting the company at odds with the White
House which has criticised sanctions related to EU rules.
The European Commission triggered the White House's ire last
week after it meted out total fines of 700 million euros ($796.5
million) to Apple and Meta Platforms for breaching the bloc's
Digital Markets Act which sets out a list of dos and don'ts for
Big Tech.
"We understand that European laws apply to our business
practices in Europe, just as local laws apply to local practices
in the United States and similar laws apply elsewhere in the
world. This includes European competition law and the Digital
Markets Act, among others," Smith said in the text of a speech
in Brussels.
"We're committed not only to building digital infrastructure
for Europe, but to respecting the role that laws across Europe
play in regulating our products and services," he is expected to
say.
Smith also outlined plans to allay EU concerns about the
dominance of U.S. tech giants in cloud computing that have
prompted calls from some EU governments to restrict the
companies' role in lucrative government tenders.
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