Trump said any country that imposes a digital services tax on American companies would face an immediate 100% tariff on all goods sent to the United States. The warning comes amid trade talks with the European Union and continuing tensions over taxes aimed largely at U.S. tech firms.
Posts tagged as “Trade Policy”
The Trump administration proposed tariffs of 10% to 12.5% on 60 trading partners, accusing them of failing to block imports made with forced labor. The duties would affect countries accounting for nearly all U.S. imports but must clear a comment process before taking effect.
The Trump administration proposed 25% tariffs on Brazilian imports after a Section 301 investigation into trade practices including digital trade, deforestation and anti-corruption enforcement. Brazil’s President Luiz Inácio Lula da Silva denounced the move and said his government could retaliate.
A U.S. trade court invalidates President Trump’s 10% tariffs, ordering refunds to businesses and citing failure to meet legal standards under the Trade Act of 1974. The ruling follows a Supreme Court decision that blocked Trump’s earlier tariffs.