On Friday, President Donald Trump warned that any country moving forward with digital services taxes targeting major U.S. technology companies would face immediate 100% tariffs.
Trump Threatens 100% Tariffs Over Digital Services Taxes In a post on Truth Social, Trump said the U.S. would impose a "100% TARIFF" on goods imported from any country that enacts a digital services tax affecting American companies.
"This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not," Trump wrote, adding that the tariffs "will be immediately imposed" if countries proceed with such tax policies.
Trump specifically pointed to "Numerous European Countries" that he said are considering digital services taxes, arguing the measures unfairly single out American technology giants such as Meta Platforms, Inc.
(NASDAQ:META), Alphabet Inc.
