xCruzo
|
Tech

Trump threatens 100% tariff on EU countries over digital services tax

Apps 24 News HD ✦ xCruzo 🇺🇸🇪🇸
📄 Read Article
Trump threatens 100% tariff on EU countries over digital services tax
Browse hubs:CarsAviationMarineMoneySportsTech
xCruzo Brief

Trump threatens 100% tariff on EU countries over digital services tax signals an escalation in US-EU trade tensions tied to taxation of tech services. On Friday, President Donald Trump said any European country that imposes a digital services tax would face an immediate 100% tariff on all goods sent to the United States, and that the tariff would override existing trade deals. The threat was issued via a post on his Truth Social platform. The move follows the day after EU countries gave the green light to a US-EU trade agreement negotiated last year that caps taxes on European imports at 15%. The European Union vowed to respond swiftly and decisively to defend its rights and regulatory autonomy. The article also links Trump’s stance to his focus on so-called non-tariff barriers and cites an earlier 100% tariff warning involving French wine and champagne. It notes France’s 2019 three-percent levy on revenue from technology firms.

xCruzo quick-read summary • Source: 24 News HD • Read the full article for complete information.
📄 Read Full Article →
xCruzo xCruzo
See your VIN Report in 15 seconds — Free
1 in 5 cars has an open recall. Is yours one of them?
Not the dealer’s report. Yours.
Choose your detail level — free to full.
For the price of a coffee.
Check My VIN — Free
Free · No credit card · Instant results
Link copied ✓