Trump Vows Harsh Tariffs on Nations with Digital Services Taxes
(MENAFN) US President Donald Trump issued a stark warning Monday against countries implementing digital services taxes, accusing them of unfairly targeting American technology firms.
“As the President of the United States, I will stand up to Countries that attack our incredible American Tech Companies,” Trump declared in a post on Truth Social, the US-based social media platform he owns.
He criticized these digital service taxes and associated regulations, saying they “are all designed to harm, or discriminate against, American Technology” while simultaneously granting “a complete pass to China’s largest Tech Companies.”
Trump continued, “With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country's Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips.”
Digital service taxes have been a contentious issue in international trade negotiations, primarily impacting major US tech corporations like Amazon, Alphabet, and Meta.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
