Trump Threatens Global Tariff War Over Digital Taxes

2 Days(s) Ago    👁 74
trump threatens global tariff war over digital taxes

Sources said earlier that the Trump administration was considering imposing sanctions on EU or member state officials responsible for implementing the blocs landmark Digital Services Act.

Many countries, particularly in Europe, have levied taxes on the sales revenue of digital service providers, including Google, Facebook, Apple and Amazon. The issue has been a longstanding trade irritant for multiple US administrations.

With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Countrys Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips, Trump said in a social media post.

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