Trump threatens European countries that approve the digital services tax with 100% tariffs
By Bloomberg / Jennifer A. Dlouhy President Donald Trump threatened to impose 100 percent tariffs on imported products from countries that apply..
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Summary
By Bloomberg / Jennifer A. Dlouhy President Donald Trump threatened to impose 100 percent tariffs on products imported from countries that apply taxes on digital services, thus increasing pressure on European nations that have just ratified a trade pact with the United States. "Many European countries have been discussing the imminent implementation of a digital services tax for US companies," Trump said in a social media publication on Friday. "Let it be clear that any country that imposes such a tax will immediately face a 100% tariff on each and every asset sent to the United States of America.". Trump's words sometimes sound like thunder from a distant storm: they make more noise than the rain it leaves. He has warned China, and on several occasions, by applying 100% trade surcharges, but has never dared to do so for fear of the Asian giant's reprisals.
Furthermore, The tax originally had a 3% tax rate, which is applied on three concepts: the provision of online advertising services; online brokering services; and the sale of data generated from information provided by the user. The aim is for companies with a large economic activity linked to Spanish consumers to tax in Spain even if their tax seat is outside the country. Washington has been claiming for years that these figures disproportionately harm major American technologies. The United States has already threatened to retaliate against trading partners that impose such taxes, including in the EU, and this year called for the resumption of OECD talks on how to tax the digital economy.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
By Bloomberg / Jennifer A. Dlouhy President Donald Trump threatened to impose 100 percent tariffs on products imported from countries that apply taxes on digital services, thus increasing pressure on European nations that have just ratified a trade pact with the United States. "Many European countries have been discussing the imminent implementation of a digital services tax for US companies," Trump said in a social media publication on Friday. "Let it be clear that any country that imposes such a tax will immediately face a 100% tariff on each and every asset sent to the United States of America.".
reliability moderate3/3 sourcesTrump's words sometimes sound like thunder from a distant storm: they make more noise than the rain it leaves.
reliability moderate2/2 sourcesTrump threatens with 100% tariffs to Spain and European countries that tax US technology.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
He has warned China, and on several occasions, by applying 100% trade surcharges, but has never dared to do so for fear of the Asian giant's reprisals.
according to El País — PortadaThe tax originally had a 3% tax rate, which is applied on three concepts: the provision of online advertising services; online brokering services; and the sale of data generated from information provided by the user.
according to El País — PortadaThe aim is for companies with a large economic activity linked to Spanish consumers to tax in Spain even if their tax seat is outside the country. Washington has been claiming for years that these figures disproportionately harm major American technologies.
according to ABC — InternacionalThe United States has already threatened to retaliate against trading partners that impose such taxes, including in the EU, and this year called for the resumption of OECD talks on how to tax the digital economy.
according to El Financiero (MX) — Últimas
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Trump's words sometimes sound like thunder from a distant storm: they make more noise than the rain it leaves.
omitted byRight sidecovered byLeft sideCenterTrump threatens with 100% tariffs to Spain and European countries that tax US technology.
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