Trump threatens 100% tariff on countries with digital services tax
US President Donald Trump threatened a 100% tariff on imports from any country imposing a digital services tax on American companies. In a social media post on Friday, he singled out European nations discussing imminent implementation of such taxes. Trump stated the tariff would apply to all goods sent to the United States and would supersede previous trade deals. He has long opposed foreign efforts to tax or regulate US tech giants, having issued similar threats last August.
Key facts
- Trump threatened a 100% tariff on imports from countries with digital services tax
- The threat was made in a social media post on Friday
- European nations were singled out as discussing imminent implementation
- The tariff would apply to any country moving forward with such a tax
- The new tax would supersede previously negotiated trade deals
- Trump has repeatedly pushed against foreign efforts to tax or regulate American tech giants
- Last year he threatened new tariffs on any country that moved to do so
- A post from last August said digital taxes and regulation are designed to harm American Technology
Entities
Institutions
- United States of America
- European nations
- Apple
- Amazon
Locations
- United States
- Europe
- France
Sources
- SCMP Culture —
- Quartz —