In a sharp escalation of the transatlantic trade dispute, US President Donald Trump has launched a scathing attack on the UK, accusing it of seeking to "make an easy buck" from US tech companies. The move comes just weeks after Trump warned that a proposed UK-US trade deal could be renegotiated if the UK fails to meet certain conditions. The latest flashpoint is the UK's digital services tax, introduced in 2020, which imposes a 2% levy on the revenues of several major US tech companies, including social media giants. Trump's threat to impose tariffs on the UK if it doesn't drop the tax has sent shockwaves through the business community, highlighting the increasingly tense relationship between the two nations.
US president accuses UK of thinking it can ‘make an easy buck’ from US tech companies, weeks after warning that UK–US trade deal can be changedDonald Trump has threatened to impose tariffs on the UK if it does not drop its digital services tax on US social media firms.The digital services tax, introduced in 2020, imposes a 2% levy on the revenues of several major US tech companies. Continue reading...
