Trump threatens tariffs on countries with digital taxes
Share this @internewscast.com

(The Hill) — President Donald Trump has warned of additional tariffs on nations that maintain digital taxes, claiming they detrimentally affect U.S. technology.

“As the President of the United States, I will confront nations that target our outstanding American Tech Companies. Digital Taxes, Legislative Measures on Digital Services, and Regulations concerning Digital Markets are aimed at damaging or targeting American Technology,” Trump declared on Truth Social on Monday evening.

“They also, outrageously, give a complete pass to China’s largest Tech Companies,” he continued. “This must end, and end NOW!”

The president highlighted that in response to digital services taxes — commonly referred to as DSTs — employed by international partners, he plans to initiate export restrictions on semiconductors among other technologies.

“With this TRUTH, I alert all countries with Digital Taxes, Legislation, Rules, or Regulations that unless these biased actions are abolished, I, as President of the United States, will levy substantial additional Tariffs on that country’s exports to the U.S.A., and enforce export restrictions on our Highly Protected Technology and Chips,” Trump continued.

He further stated, “America, and American Technology Companies, refuse to be the ‘piggy bank’ or the ‘doormat’ of the World any longer. Show respect to America and our remarkable Tech Companies or face the consequences!”

Trump has put pressure on other countries to drop DSTs, arguing that they discriminate against U.S. tech giants like Amazon, Meta and Alphabet.

In June, Canada was about to implement a new tech tax but retracted when Trump halted trade discussions with its northern neighbors over the initiative. When Ottawa decided to drop its DST, U.S.-Canada trade dialogue resumed.

Share this @internewscast.com
You May Also Like

Shocking Footage: Convicted Felon Attacks Hotel Staff Member

In Norwalk, Ohio, a disturbing incident unfolded at the Econo Lodge on…

Greene County Commission Rejects Resolution to Advocate for Repeal of Controversial COPA Laws

In Greeneville, Tennessee, the Greene County Commission convened on Monday to address…

Central Illinois Eases Burn Bans Following Weekend Rainfall: What Residents Need to Know

CENTRAL ILLINOIS (WCIA) — Following a welcome downpour over the weekend, several…

Nicholas Rossi Receives 5-Year to Life Sentence in Salt Lake County Rape Case

Editor’s Note: This article discusses topics of rape and sexual assault, which…

Early Voting Commences in Texas, Featuring Brain Health Research Initiative on the Ballot

In an unexpected turn, Texas voting booths could soon become pivotal in…

Statesboro Sets a New Standard: Unveiling the Groundbreaking Paving Project Transforming Our Roads

STATESBORO, Ga. — Statesboro has reached a significant milestone, as every road…

Captured in the Wild: Fugitive’s Dramatic Swamp Escape Foiled by Augusta’s Heroic K-9 Unit

AUGUSTA, Ga. () – On the afternoon of October 18th, at approximately…

RCSO Deputy Arrested and Terminated Over Alleged Street Gang Involvement and Felony Charges

AUGUSTA, Ga. () – The Richmond County Sheriff’s Office revealed on Monday…

Report Unveils Jane Goodall’s Cause of Death

Renowned primatologist Jane Goodall, who passed away earlier this month at the…

Find Out Who Was Affected by the Recent AWS Outage

On Monday, numerous popular online services faced disruptions as Amazon Web Services…

Manhunt Underway: JCPD Seeks Suspect in Waffle House Shooting Incident

JOHNSON CITY, Tenn. — Authorities in Johnson City are intensifying their search…

Longboat Key Considers New Name for Iconic Gulf of Mexico Drive

LONGBOAT KEY, Fla. (WFLA) — A pivotal decision may be on the…