'100% tariff will supersede trade deals': Trump threatens countries planning digital services tax on US firms
Escalating his trade offensive against digital taxes targeting American companies, US President Donald Trump on Friday warned that any country imposing a Digital Services Tax (DST) would face 100% tariffs on exports to the United States warning that such duties would override existing trade agreements.
In a post on his social media platform, Truth Social, Trump said several European countries were discussing or moving towards implementing digital taxes targeting US firms.
"Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies. Some of these Countries are close to actually doing this," Trump wrote.
He warned that any country proceeding with such a tax would face immediate retaliatory action.
"Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America," Trump said adding, "This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not. Additionally, the 100% TARIFF will be immediately imposed, if they proceed," he wrote.
In a post on his social media platform, Truth Social, Trump said several European countries were discussing or moving towards implementing digital taxes targeting US firms.
"Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies. Some of these Countries are close to actually doing this," Trump wrote.
He warned that any country proceeding with such a tax would face immediate retaliatory action.
"Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America," Trump said adding, "This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not. Additionally, the 100% TARIFF will be immediately imposed, if they proceed," he wrote.
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