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Trump: "We should be suing Google and Facebook"

President Donald Trump in the Oval Office
Photo: Mandel Ngan/AFP/Getty Images

President Trump said that "we should be suing Google and Facebook," adding "perhaps we will," during an interview with Fox Business on Wednesday.

Why it matters: Regulators appear to be weighing antitrust investigations for some of the Big Tech giants. The Justice Department has claimed jurisdiction over antitrust issues related to Google and Apple, while the Federal Trade Commission has jurisdiction over Facebook and Amazon.

What's next: The Trump administration plans to host a Social Media Summit on July 11, according to a White House spokesperson.

  • Last year, however, the administration indicated it would convene a meeting of tech leaders that never happened.

Go deeper: Competitors could arm regulators in Big Tech antitrust probes