Donald Trump has threatened a “100% TARIFF” on any country that hits US companies with a digital services tax. Posting on his Truth Social account on Friday the US President wrote: “Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies.” “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.” Trump added that the new tax would override any trade deal with the US, “whether implemented, signed or not”, reports the Mirror . It comes after French President Emmanuel Macron said last week that France would not bow to pressure from Trump and scrap its digital tax on US tech companies. Trump had warned that the US would “have no choice” but to apply 100 per cent tariffs on French wine unless Paris removed its digital tax.
France has applied a 3 per cent levy since 2019 on revenue from digital services earned by companies with revenues of more than €25 million in the country and €750 million worldwide. Trump has repeatedly pushed against foreign efforts to tax or regulate American tech giants. Last year, he threatened new tariffs on any country that moved to do so, writing in a Truth Social post in August that digital taxes and regulation “are all designed to harm, or discriminate against, American Technology”. READ MORE:
Ireland issues ‘do not travel’ warning after devastating Venezuela earthquakes READ MORE: ‘My husband and my best friend’ – Tears as wife of Galway legend Paul Clancy bids him final farewell at funeral The threat comes ahead of Trump’s July 4 deadline for the European Union and US to approve a tariff deal that caps tariffs on most EU exports at 15 per cent. In May, the EU finalised a trade deal with the US that caps most tariffs on EU exports at 15 per
cent. Digital taxes were not part of the agreement and have remained a sticking point between the US and the European bloc.
Trump, digital services tax, 100% tariffs, Truth Social, European Union, France, Emmanuel Macron, trade deal, US tech companies