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

Meet Hades and Taylor: Your Future Furry Family Awaits This Weekend!

Looking to add a furry friend to your family this week? The…

Brace for Heatwave: 90-Degree Temperatures Set to Sizzle This Weekend

A spell of splendid, dry weather is on the horizon, as a…

Rev Up Your Engines: Inside the Thrilling Results of the NASCAR O’Reilly Suburban Propane 300

The recent race at Bristol Motor Speedway in Bristol, Tennessee, witnessed an…

Heartbroken Syrian Father Lays to Rest Wife and Four Children After Devastating Israeli Strikes on Beirut

DEIR EL-ZOUR, Syria – A Syrian father on Saturday laid to rest…

Haitians Face Growing Challenges as Limited Food Supplies and Rising Fuel Costs Strain Daily Life

PORT-AU-PRINCE – The ripple effects of conflict in Iran have reached as…

Teen Hospitalized in Critical Condition Following Multiple Gunshot Incident at Maitland Apartment Complex

MAITLAND, Fla. – In a troubling incident that unfolded on Saturday evening,…

Pope Leo XIV Criticizes ‘Illusion of Omnipotence’ as a Catalyst in US-Israeli Conflict in Iran

ROME – In a bold and impassioned statement, Pope Leo XIV on…

Miraculous Recovery: Church Hill Girl Triumphs Over Health Challenges, Celebrated by Walmart Heart

KINGSPORT, Tenn. (WJHL) — On Saturday, the Church Hill community came together…

Artemis II Astronauts Celebrate Historic Return from Record-Breaking Lunar Mission

HOUSTON – The astronauts of the Artemis II mission, still basking in…