Aug. 26 (UPI) -- President Donald Trump threatened to raise tariffs and restrict U.S. chip exports on countries that have a digital services tax.
He wrote on Truth Social Monday that digital service taxes, largely implemented by Britain and the European Union, "are all designed to harm, or discriminate against, American Technology."
"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.," Trump wrote.
He added that the United States would also "institute Export restrictions on our Highly Protected Technology and Chips."
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