- Threat of Increased Tariffs: In a recent post on Truth Social, U.S. President Trump warned that countries imposing digital taxes or regulations targeting U.S. tech companies may face increased tariffs on their exports to the United States.
- Notice to Discriminatory Countries: Trump stated that all countries with such discriminatory actions should be on notice to remove their digital taxes and regulations to avoid substantial tariffs on their exports.
- Potential Export Restrictions: He indicated that, if necessary, he would also implement export restrictions on sensitive U.S. technology and chips in response to these countries’ actions against U.S. tech firms.
Source Orbitax
Trump Threatens Tariffs on Nations with Digital Taxes Targeting US Tech Giants
- President Trump warned countries with digital taxes on US tech firms of additional tariffs.
- Targeted companies include Google, Facebook, Apple, and Amazon.
- Trump announced potential tariffs and export restrictions on Truth Social.
- He criticized European digital taxes as discriminatory against US technology.
- The Trump administration considered sanctions against EU officials.
- Trump previously threatened tariffs on Canada and France over similar issues.
- Canada cancelled its planned digital services tax to resume trade talks.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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