Tech giants are the latest powerful industry to lobby US President Donald Trump, calling on him to punish Australia if Canberra doesn’t relax its social media regulations.

The Computer and Communications Industry Association has made a formal submission to the White House’s review of US trade policy, ahead of Mr Trump’s plan to announce reciprocal tariffs by April 2.

In their submission, the body – which represents X, Meta, Google, Apple, Amazon, and other big players – complains about the Albanese Government’s News Media Bargaining Incentive, streaming quotas, social media age ban, and proposed AI regulation.

They accused Australia of “coercing” them into sacrificing their revenue to “subsidise Australian media companies”, in their latest criticism of the incentive which forces tech companies to pay Australian media organisations for content on their platform.

The scheme, replacing an older system, was announced in December and forces platforms to pay whether they use news content or not.

Treasurer Jim Chalmers said the reaction from Silicon Valley was predictable, especially because of the closeness of X owner Elon Musk to Mr Trump.

“It’s not surprising that the tech giants would have that view,” he told Sky News on Friday.

“Our job is to make decisions in Australia’s national interest, to protect kids online, for example, or to make sure that there’s a level playing field in our media with our media organisations.”

“It’s self-evident that (tech billionaires) are very close with the US administration. Our focus and our job is to make our case in the US, as we have been doing,” he said.

“A lot of people around the country, not just parents, but including parents, they want to make sure that they’re appropriate protections for people online. The tech giants won’t always like that.”

The association also complained about proposed local content quotas for American streaming services, which would force the likes of Netflix to fund Australian productions.

“Australia’s online video streaming market is estimated to generate up to $2.3 billion ($3.7 billion) of annual revenue, with the majority of it earned from US companies,” the CCIA submission said.

“If the Australian government pursues the 20 per cent expenditure mandate it has floated in the past year, that would put this revenue at risk.”

The Government announced quota plans more than two years ago, but has backed away from the idea in the time since.

Greens communication spokeswoman Sarah Hanson-Young said Australia “will not be bullied by Trump’s tech oligarchs”.

“As a sovereign and independent country, Australia has the right to make laws that represent our values as a fair society and protect our citizens online. We will not allow tech billionaires to undermine measures that keep our communities safe and cohesive,” she said.

Opposition foreign affairs spokesman David Coleman also criticised the US tech giants for trying to interfere in Australia’s law-making, saying big tech “doesn’t get to decide what Australia does”.

“We decide what the laws of Australia are,” Mr Coleman told Sky News.

“We are a sovereign nation. Mark Zuckerberg can say whatever he wants. Frankly, who cares?

“What matters is the law of Australia.”