President Donald Trump on Friday threatened a 100% tariff against any country that levies digital services taxes, which he considers to be an attack on U.S. companies. Photo by Aaron Schwartz/UPI | License Photo
June 26 (UPI) -- President Donald Trump on Friday threatened to impose a 100% tariff on any country that enacts a digital services tax against a U.S. company.
The new tariff would be applied to all goods shipped into the United States and be levied on top of any other tariff already in effect for that country, Trump said in a post on Truth Social.
At least a dozen nations have digital services taxes, which are meant to limit the influence of large technology companies -- especially large U.S. companies such as Apple, Amazon and Meta -- and are being considered by several European countries, CNBC and Politico reported.
Canada last year rescinded a digital services tax hours before it was set to go into effect in order to restart trade negotiations with the United States, which Trump held back on until the tax was canceled.
