Trump Proposes Digital Tax Tariffs
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import tariffsCryptopolitan
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Technology
Trump revives tariff probe over foreign digital taxes on US Tech
67% Informative
President Trump ordered the Office of the US Trade Representative ( USTR ) to propose import tariffs on countries that levy digital taxes on US tech companies.
With this move, he hopes to discourage foreign governments from taxing major US tech corporations like Alphabet and Meta .
In 2019 , the USTR investigated the tax systems of France , Italy , India , Spain , and other countries under Trump ’s orders.
It concluded that their digital service taxes were discriminatory and harmed American tech firms.
VR Score
60
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53
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35
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