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Trump Threatens 100% Tariff on Digital Taxes
President Donald Trump threatened to impose a 100% tariff on all goods from any country that imposes a digital services tax on US tech firms.
Writing on Truth Social, Trump said the levy would be imposed immediately and would supersede pre-existing trade deals.
The warning specifically targets the UK's digital services tax on American social media companies.
The threat could dramatically escalate trade tensions with the UK and European allies.
United Kingdom
Island country in north-west Europe
Island country in north-west Europe
United States
Country located primarily in North America
Country located primarily in North America
Europe
Terrestrial continent located in north-western Eurasia
Terrestrial continent located in north-western Eurasia
Truth Social
Social networking service created by Trump Media & Technology Group
Social networking service created by Trump Media & Technology Group