Trump threatens to “discriminate” tariffs on countries that “treason” on U.S. technology | Trump tariffs

Donald Trump threatened to impose tariffs and export restrictions on countries that target big tech companies such as Google, Meta, Amazon and Apple.

“Digital taxes, legislation, rules or regulations are all designed to harm or discriminate against American technology,” Trump said in an article on the President’s social media platform.

He added that these measures include the UK’s digital services tax, which is taxed at 2% per year through revenue, raises about £800 million per year from global tech companies, and also “very thoroughly obtaining a pass through China’s largest tech companies.”

“As the President of the United States, I will stand up and attack our incredible U.S. tech companies,” Trump said. “Unless these discriminatory actions are lifted, I will impose additional tariffs on the country’s exports to the United States and place export restrictions on our highly protected technology and chips.”

Trump’s threat puts pressure on the UK and the EU – which also sets out regulations that can curb the power of large tech companies through the Digital Services Act – both touching on the recent trade agreements with the United States.

Several EU member states, including France, Italy and Spain, also have digital service taxes.

U.S. officials criticize the UK’s Digital Services Tax (DST), which has been around since 2020, despite remaining true since a deal with the Trump administration That arrived in May.

Trump complains about the impact of DSTs around the world on U.S. companies.

In February, he issued an executive order – titled “Defending American companies and innovators from overseas blackmail, unfair fines and penalties), threatening retaliation with tariffs.

In April, Keir Starmer appeared Provides a reduction in DST title rate for large US tech companies Reassuring Trump while giving tax applications to companies in other countries.

“The U.S. and U.S. technology companies are neither ‘pig banks’ nor the world’s ‘door pads’,” Trump said on Monday. “Share respect or consider consequences to the U.S. and our amazing tech companies.”

The president’s warning is that they will “resolve unreasonable trade barriers” a week after the U.S. and the EU agreed in a joint statement.

However, the EU said it had not promised to change any digital regulations.

In June, Canada canceled its digital service tax, which Trump described as a “direct and blatant” attack Efforts to engage in trade negotiations with neighbors.