- Trump orders trade chief to revive investigations into tariffs on imports from countries that levy digital service taxes on US tech companies.
- Trump directs his administration to consider responsive actions like tariffs to combat digital service taxes, fines, practices, and policies that foreign governments levy on American companies.
- The memo directs the US Trade Representative’s office to renew digital service tax investigations that were initiated during Trump’s first term, and investigate any additional countries that use a digital tax to discriminate against US companies.
- Britain, France, Italy, Spain, Turkey, India, Austria and Canada have levied the taxes on sales revenue by these and other digital service providers within their borders.
- Trump previewed the action last week, saying that he would impose tariffs on goods from Canada and France over their digital service taxes.
- Trump’s memo also directs his administration to review whether any policy in the European Union or Britain incentivizes US companies to develop or use products and technology in ways that undermine free speech or foster censorship.
- The White House fact sheet said that it will especially scrutinize how US firms are treated under the EU’s Digital Markets Act and Digital Services Act.
Source: channelnewsasia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
