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

(The Hill) — President Donald Trump has warned that additional tariffs might be levied on countries that do not eliminate digital taxes, claiming these taxes negatively impact U.S. technology.

“As the President of the United States, I will stand up to countries that target our amazing American tech companies. Digital taxes, digital services legislation, and digital markets regulations are crafted to harm or unfairly target American technology,” Trump stated 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!”

He pointed out that in response to digital services taxes — referred to as DSTs — used by trade partners, he plans to enforce export restrictions on semiconductors and other technologies.

“Through this statement, I’m warning all countries with digital taxes, legislation, rules, or regulations that unless these unfair actions are eliminated, I, as President of the United States, will impose significant additional tariffs on that country’s exports to the U.S., and initiate export restrictions on our highly secured technology and chips,” Trump added.

Trump also asserted that “America and American technology companies are not the ‘piggy bank’ or the ‘doormat’ of the world anymore. Show respect to America and our remarkable tech companies or face the repercussions!”

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

Earlier in June, Canada was set to implement the initial payment of a new tech tax but retracted when Trump halted trade discussions with the northern neighbor over the proposal. After Ottawa decided to withdraw its DST, trade negotiations between the U.S. and Canada resumed.

Share this @internewscast.com
You May Also Like
Government shutdown: Democrats say Trump needs to be involved, but he's shown little interest in doing so

Democrats Urge Trump to Engage as Government Shutdown Looms Amid Concerns Over Lack of Presidential Involvement

President Donald Trump appears to be in no rush to facilitate a…
National Guard intervenes as suspect swings foot-long kitchen knife in violent DC street brawl

National Guard Steps In After Knife-Wielding Suspect Sparks Violent DC Altercation

In Southeast Washington, D.C., a violent altercation erupted on Wednesday night, prompting…
Hamas Reprisals: Terror Group Accused of Killing Pregnant Woman, 5-Year-Old in Gaza

Hamas Retaliations: Accusations Arise Over Killing of Pregnant Woman and Child in Gaza

A venomous snake’s nature is to be feared, and in this instance,…
Daniel Cameron banking on his name ID to overcome lackluster fundraising in Kentucky Senate race

Can Daniel Cameron’s Name Recognition Outshine Fundraising Gaps in the Kentucky Senate Race?

In a lively gathering in Louisville, Kentucky, Senate hopeful Daniel Cameron addressed…
Video shows masked trio in Halloween costumes terrorize family in attempted home invasion

Masked Trio in Halloween Costumes Attempt Home Invasion, Terrify Family in Chilling Footage

A chilling video has emerged showing a group of individuals in menacing…
'No Kings' protest Chicago: Demonstrators preparing to gather downtown in Grant Park on Saturday to oppose Trump administration

Demonstrators Set to Convene in Grant Park for ‘No Kings’ Protest Against Trump Administration

CHICAGO — On Saturday, the organizers of the “No Kings” protest anticipate…
President Donald Trump administration asks Supreme Court to allow National Guard deployment in Chicago area

Trump Administration Requests Supreme Court’s Approval for National Guard Presence in Chicago

The Trump administration has taken its disagreement with Democratic governors to the…
MLB news: Milwaukee Brewers swept by Los Angeles Dodgers in NLCS after beating Chicago Cubs in NLDS

Los Angeles Dodgers Sweep Milwaukee Brewers in NLCS Showdown After Brewers’ Triumph Over Cubs in NLDS

The Los Angeles Dodgers have secured their place in the World Series…
US military seized survivors after Caribbean drone strike on suspected drug smuggling boat: report

US Military Apprehends Survivors Following Caribbean Drone Strike on Alleged Drug Smuggling Vessel

The U.S. military has apprehended survivors following a drone strike on a…
Illegal immigrant accused of offering $10K bounties to kill ICE agents on TikTok arrested with loaded gun: DHS

Arrest Made: Man Accused of Offering Bounties Against ICE Agents on TikTok Found with Loaded Firearm

EXCLUSIVE TO FOX: A 23-year-old undocumented immigrant, accused of offering $10,000 via…
Swifties help Monterey Bay Aquarium raise $2.1M with vintage tee fundraiser

Swifties Power Monterey Bay Aquarium’s $2.1M Success with Vintage Tee Fundraiser

A nostalgic shirt from the 90s has been revived by an aquarium,…
'No Kings' organizer discourages violence following coast-to-coast arrests

‘No Kings’ Movement Leader Condemns Violence Amid Nationwide Arrests: Calls for Peaceful Advocacy

Progressive watchdog group, Public Citizen, has launched a series of “No Kings”…