Trump Threatens 100% Tariff on European Nations Over Digital Services Tax Targeting US Tech Companies
By
Ted Johnson
Summary
Donald Trump threatened to impose a 100% tariff on European countries that implement a digital services tax targeting American tech companies. The threat was posted on Truth Social, but it remains unclear what legal authority Trump would use to enact such tariffs, especially following a Supreme Court decision earlier this year that struck down his previous sweeping global tariffs. The move appears to be a defense of major U.S. technology firms that have opposed these European digital taxes.
Source
DeadlineTrump Threatens 100% Tariff on European Nations Over Digital Services Tax Targeting US Tech Companiesdeadline.comKey quotes
· 3 pulledDonald Trump threatened a 100% tariff on European countries that impose a digital services tax, as the president once again came to the defense of American tech giants that have opposed the levies.
It wasn't immediately clear under what authority Trump would impose the tariff, given the Supreme Court decision earlier this year that struck down his sweeping global tariffs, the foundation of his economic agenda.
Trump posted on Truth Social on Friday, 'Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies.'
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