U.S. President Donald Trump delivers remarks throughout a go to to a Mack Vehicles’ meeting plant, in Macungie, Pennsylvania, U.S., June 23, 2026.
Evelyn Hockstein | Reuters
President Donald Trump on Friday threatened to impose a “100% TARIFF” on the products of any nation that imposes a digital providers tax on U.S. firms.
“This TARIFF will supersede Commerce Offers made with the Nation, whether or not carried out, signed, or not,” Trump wrote in a Fact Social put up.
Trump has beforehand vowed to retaliate in opposition to countries that impose digital taxes, claiming they unfairly goal U.S. tech giants. Final 12 months, Trump vowed to chop off all commerce talks with Canada over its personal proposed model. Ottawa subsequently scrapped that tax shortly earlier than it was set to come back into impact.
The taxes are sometimes structured to use solely to the world’s largest and most established tech firms, like Meta, Alphabet and Amazon, that are U.S. companies.
Greater than a dozen countries have imposed digital providers taxes. Trump’s Friday afternoon put up singled out “Quite a few European Countries” that he says are contemplating imposing the taxes.
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