politics
Trump threatens 100 percent tariff on any country that imposes tax on US tech firms
Key takeaways
- He pointed to Europe, where he said countries have been discussing the imminent implementation or are close to actually putting such taxes in place.
- This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not, he continued.
- Trump has previously taken aim at foreign taxes and fines on U.S. tech companies, like Meta, Amazon, Apple and Alphabet.
Why this matters: political developments that affect policy direction and public trust.
He pointed to Europe, where he said countries have been discussing the imminent implementation or are close to actually putting such taxes in place. Digital services taxes are fees levied on tech firms by countries where their products are used.
Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America, Trump wrote in a post on Truth Social.
This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not, he continued. Additionally, the 100% TARIFF will be immediately imposed, if they proceed.
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