Trump threatens 100% tariff on European digital services taxes
9 hours ago
- #US-EU trade
- #digital tax
- #Trump tariffs
- Donald Trump threatens a 100% import tariff on European countries implementing digital services taxes on US tech giants.
- He warns this would override existing trade agreements, targeting nations planning new levies, though the UK has had a 2% tax since 2020.
- The UK's Digital Services Tax impacts major US companies like Apple and Google, raising over £800 million in 2024–25, with Trump previously criticizing it.
- Other EU nations like France and Italy impose similar taxes, and Trump's threat follows a recent US-EU trade deal, amid his broader tariff efforts.