In a bold move, US President Donald Trump has warned European countries that imposing a tax on digital services from American companies could lead to a 100% import tariff, effectively crippling their trade relations. The threat comes as several European nations are reportedly considering a digital services tax, a move that would target tech giants like Google, Amazon, and Facebook. Trump's statement, made on his social media platform Truth Social, suggests that the US president is willing to take drastic action to protect American businesses from what he sees as unfair competition. The move is likely to escalate tensions between the US and Europe, with significant implications for global trade and the tech industry.
US president says levy would be imposed immediately and supersede pre-existing trade deals with the country Donald Trump has threatened to place a 100% import tariff on any European country that imposes a tax on digital services from US companies.Writing on Truth Social on Friday, the US president said that “numerous European countries” had been discussing putting a digital services tax on American companies and that “some of these countries are close to actually doing this”. Continue reading...
