President Donald Trump said on Friday (June 26) that he would impose a 100% tariff on goods coming from any country that imposes a digital services tax on US companies.
Trump said on Friday that several European countries are considering implementing such a tax, and some are about to do so mail On social truth.
“I hope this statement serves to make it clear 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 said in the post. “This tariff will replace trade deals concluded with the country, whether or not they are implemented or signed. In addition, the 100% tariff will be imposed immediately, if it continues.”
The Wall Street Journal I mentioned Friday that France, Denmark and Portugal already impose taxes on major technology companies and that other European countries have been considering adding such taxes for years.
The issue of digital services taxes was not resolved by the deal Trump struck last year with the European Union, which set most tariffs on European goods at 15% in exchange for concessions.
An EU spokesperson told the Wall Street Journal: “Unilateral measures targeting such legitimate policies are unjustified. If pursued, the EU will respond quickly and decisively to defend its rights and regulatory independence.”
It was reported in March that the Polish government was preparing legislation for Digital services tax This led to tension in the country’s relations with the United States
Reuters I mentioned Friday that French President Emmanuel Macron said last week that France would not end the digital tax. Trump said the United States could impose a 100% tariff on French wine if France does not remove the tax.
The report said that the Office of the US Trade Representative argued that the digital services tax discriminates against US companies, because those companies dominate the digital sector.
CNBC I mentioned On Friday, it is not clear what law Trump will use to implement his threat to impose additional tariffs, because the Supreme Court struck down his previous “reciprocal” tariffs, and there is a 150-day limit on tariffs created under the law he cited when imposing a new 10% global tariff.
