Business & Finance
Trump Vows 100% Tariff on Countries Over Digital Services Taxes
Key Points
Trade Trump Vows 100% Tariff on Countries Over Digital Services Taxes President Donald Trump threatened to impose 100% tariffs on goods imported from countries that impose digital services taxes, escalating pressure on European nations that just ratified a trade pact with the US. “Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,” Trump said in a social media post Friday. “Please let this statement serve to represent...
Trade
Trump Vows 100% Tariff on Countries Over Digital Services Taxes
President Donald Trump threatened to impose 100% tariffs on goods imported from countries that impose digital services taxes, escalating pressure on European nations that just ratified a trade pact with the US.
“Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,” Trump said in a social media post Friday. “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.”