President Trump has threatened more tariffs on countries with digital taxes that “discriminate” against American tech – and is reportedly weighing sanctions on EU officials, according to a report.
President Trump has threatened more tariffs on countries with digital taxes that “discriminate” against US tech companies while giving Chinese tech firms a free pass – and is reportedly weighing sanctions on EU officials, according to a report.
In a fiery Truth Social post late Monday, Trump threatened “substantial” tariffs and chip export curbs on countries with these taxes, which the White House has argued pose a threat to free speech.
“Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology. They also, outrageously, give a complete pass to China’s largest Tech Companies,” Trump wrote.
“Unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country’s Exports to the USA, and institute Export restrictions on our Highly Protected Technology and Chips.”
“Show respect to America and our amazing Tech Companies or, consider the consequences!”
Behind the scenes, White House officials have been weighing sanctions on European Union and member state officials responsible for the Digital Services Act, two sources familiar with the matter told Reuters.
State Department officials have yet to make a decision on whether to impose these penalties, which would likely come in the form of visa restrictions, the sources said.
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USA — Political Trump threatens more tariffs on nations that tax US tech giants —...