'America, Neither Piggy Bank Nor Doormat': Donald Trump Threatens Tariffs For Countries With Digital Taxes
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"With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country's Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips," Trump said in a social media post.
In the post, Trump claimed that such legislation was "designed to harm, or discriminate against, American Technology" and that it gave a pass to firms from U.S. tech rival China.
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Earlier, sources told Reuters that the Trump administration was weighing potential sanctions against European Union officials or member state representatives involved in enforcing the bloc's landmark Digital Services Act.
Several countries, especially in Europe, have imposed taxes on the revenue of major digital service companies like Alphabet's Google, Meta's Facebook, Apple, and Amazon. These digital taxes have been a persistent point of tension in U.S. trade relations across multiple administrations.
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Trump has also previously threatened to impose tariffs on countries like Canada and France over differences related to the digital services taxes.
Trump in February ordered his trade chief to revive investigations aimed at imposing tariffs on imports from countries that levy digital service taxes on U.S. technology companies.
Meanwhile, Li Chenggang, the top aide to Beijing's lead negotiator, He Lifeng, will meet with U.S. Trade Representative Jamieson Greer and senior officials at the Department of the Treasury later this week, the Wall Street Journal reported citing sources.
Li is expected to discuss soybean purchases and push for the U.S. to relax restrictions on technology exports to China, WSJ reported.
(With inputs from Reuters, AP)
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