New Delhi, July 25 -- WASHINGTON - Brussels fined Google one billion dollars on Thursday for violating the Digital Markets Act, citing self-preferencing in search results and restrictions on app developers' ability to steer users to rival payment systems. By Friday morning, Donald Trump had promised Europe would pay "a very big price."

The fine, formally issued by the European Commission, represents the first major monetary penalty under the DMA, the European Union's attempt to discipline its largest technology gatekeepers through structural obligations backed by enforcement authority. Google's parent company Alphabet, which carries the ticker GOOGL on the Nasdaq, did not challenge the fundamental violation finding. The company has 60 da...