U.S. President Donald Trump has threatened to impose 100% tariffs on imports from any country that adopts a digital services tax. The move escalated tensions with trading partners over levies that Washington argues unfairly target American technology companies.
In a post on his Truth Social platform on Friday (26 June), Trump said several European countries were considering the imminent introduction of digital services taxes on U.S. firms, with some close to implementation.
“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.
He added that such tariffs would override existing trade agreements, whether signed or pending.
Digital services taxes, adopted or proposed by several countries in recent years, are aimed at large multinational technology firms that generate significant revenue in local markets but often pay taxes elsewhere.
The United States has long opposed such measures, arguing they disproportionately affect major American companies including Google, Meta and Amazon.
Previous disputes over digital taxation have triggered trade investigations and retaliatory tariff threats, particularly with European allies.
Trump’s warning comes as some European governments revisit plans for national digital taxes amid broader debates over taxing global tech giants, despite efforts at the Organisation for Economic Co-operation and Development to establish a multilateral tax framework.
Analysts say the renewed threat raises the risk of a fresh transatlantic trade dispute, particularly if countries move ahead with unilateral taxation measures.
Armenia is looking to turn shared environmental challenges into opportunities for regional cooperation, with Prime Minister Nikol Pashinyan highlig...
In an interview with AnewZ’s Sabir Safarov, Houthi-aligned journalist Hussain al-Bukhaiti warns of possible attacks on Saudi Arabia’...
A Norwegian teenager recruited by a Swedish criminal network to carry out a contract killing in Britain has been sentenced to 20 years’ deten...
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
The U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions with Washington over energy strikes and U.S. military support.
U.S. President Donald Trump has called it “a disgrace” that Ukraine has resumed attacks on Russian oil refineries. Attacks are continuing from Russia and Ukraine as media reports say Ukraine has almost run out of Patriot interceptor missiles.
Kenya has confirmed a second case of Ebola, intensifying efforts to prevent the spread of the virus after the country recorded its first-ever infection earlier this month.
A Norwegian teenager recruited by a Swedish criminal network to carry out a contract killing in Britain has been sentenced to 20 years’ detention after police uncovered the murder plot.
U.S. President Donald Trump has called it “a disgrace” that Ukraine has resumed attacks on Russian oil refineries. Attacks are continuing from Russia and Ukraine as media reports say Ukraine has almost run out of Patriot interceptor missiles.
Romanian rescuers resumed their search for seven missing sailors on Friday (16 October) after a drone strike set a chemical tanker ablaze near the country’s Black Sea coast. The attacks have raised fresh security concerns along a vital regional trade route.
Students, lecturers and university staff marched on Argentina’s Congress in Buenos Aires on Thursday to demand President Javier Milei’s government implement a university funding law which would boost staff salaries and increase financial support to institutions to cover operating costs
A 16-year-old shooter opened fire on Thursday at an elementary school in Bend, Oregon in the United States, killing four people, including three children, before being killed by an armed member of the community who had pursued the assailant into the school, police said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment