Trump is protecting American companies

You tax Tech, you get tariffed.

Today, President Donald J. Trump has threatened to impose a 100% tariff on countries that levy a digital services tax on United States companies.

Trump also said that existing trade deals would be discarded.

Euronews reported:

“In a social media post, Trump took aim at European countries, he said, that are discussing the ‘imminent’ implementation of taxes on American companies.

The US president has repeatedly sought to use tariffs to deter such taxes, but many countries are seeking revenue as their economies increasingly operate in digital realms dominated by American companies.”

“’Please let this statement serve to represent 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 wrote.

He added that the new tax would supersede any previously negotiated trade deals. Trump said the penalty would apply to any country that moves forward with such a tax, but he singled out European nations in his post.”

Reuters reported:

“Before setting off for the [G7] summit [last week] in France, Trump had warned that the U.S. would “have no choice” but to apply ​100% tariffs on French wine unless Paris eliminated its digital tax.

France has applied ​a 3% ⁠levy since 2019 on revenue earned in France from digital services provided by companies with revenue of more than €25 million in the country and €750 million ($854.02 million) worldwide. French lawmakers last year proposed doubling the tax to 6%.

The U.S. ⁠Trade Representative’s ​office has long threatened France, Britain, Austria, Spain and other ​European countries with retaliatory tariffs if they impose digital services taxes, arguing that these levies discriminate against U.S. companies, which dominate the sector globally.”

Read more:

Trump Will Slap French Wines With 100% Tariff Over France’s Digital Services Tax – Macron Is Defiant, But Wine Producers Are VERY Afraid

The post Trump Threatens 100% Tariffs If European Countries Implement Digital Services Tax appeared first on The Gateway Pundit.