Trump wants digital taxes on U.S. services axed worldwide — President threatens new tariffs and semiconductor export controls to countries that refuse to comply

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President Donald Trump has called for the elimination of digital taxes imposed on U.S. services globally, labeling them as discriminatory against American technology companies. He has threatened to implement new tariffs and restrict semiconductor exports to countries that do not comply with this demand.

Trump’s remarks come amid ongoing tensions between the U.S. and several countries that have introduced digital taxes targeting large tech firms, including those based in the U.S. He argues that these taxes unfairly burden American companies and distort competition in the global market. The President’s administration has previously expressed concerns that such taxes could lead to retaliatory measures and escalate trade disputes.

In response to non-compliance, Trump indicated that the U.S. would consider imposing tariffs on imports from those countries and tightening controls on semiconductor exports, which are critical to the tech industry. This stance reflects a broader strategy to protect U.S. economic interests and maintain a competitive edge in the global technology landscape. The implications of these threats could significantly impact international trade relations and the operations of tech companies worldwide.

trump wants digital taxes on u s services axed worldwide – president threatens new tariffs and semiconductor export controls to countries that refuse to comply: Source: Original reporting