A 100% tariff will be applied to any country that implements a digital-services tax, President Trump has said.
“Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,” Trump said on Truth Social, on Friday.
“Some of these Countries are close to actually doing this.
“Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America.”
President Trump said the tariff would “supersede Trade Deals made with the Country, whether implemented, signed, or not. Additionally, the 100% TARIFF will be immediately imposed, if they proceed.”
Trump’s remarks come a week after French President Emmanuel Macron said he would not bow to pressure from the US and scrap his proposed digital tax on American tech companies. The tax would include online marketplaces and advertising.
Macron made his comments before the G7 summit. They prompted President Trump to respond that he would have “no choice” but to tax French win at 100%.
Reuters reports, “France has applied a 3% levy since 2019 on revenue earned in France from digital services provided by companies with revenue of more than €25 million in the country and €750 million ($854.02 million) worldwide. French lawmakers last year proposed doubling the tax to 6%.
“The U.S. Trade Representative’s office has long threatened France, Britain, Austria, Spain and other European countries with retaliatory tariffs if they impose digital services taxes, arguing that these levies discriminate against U.S. companies, which dominate the sector globally.”
3 Responses
The European mentality is a cancer on American Liberty. I would not be against Trump dropping nuclear bombs on the Europeans and they themselves would love it since fewer humans is good for the planet according to them.
…revenue earned in France from digital services provided by companies with revenue of more than €25 million in the country and €750 million ($854.02 million) worldwide. French lawmakers last year proposed doubling the tax to 6%.
Seems that MORE PROFIT can be made while DECREASING exports.
100 per cent tariff on nothing is nothing.
Trump is showing signs of senility.
He now shows dotage that is getting progressively worse.
He has completely forgotten that he is supposed to represent the taxpayers and not his personal cronyism.
EU getting Doller signs in their eyes over US AI.