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News in English (USA) / 22.02.2025 / 13:00

Trump to Impose Tariffs Against Countries with Digital Taxes Targeting U.S. Tech Firms

In response to growing digital taxes imposed by various countries, President Trump has ordered the implementation of retaliatory tariffs aimed at protecting American tech giants such as Apple, Amazon, Meta, and Google. This move follows concerns that foreign digital services taxes disproportionately affect U.S. companies. Trump has signed a memorandum directing trade officials to explore tariff options and has expressed that these measures will specifically counteract regulations viewed as unfair by the tech industry. The administration is expected to finalize tariff plans soon, with implications for U.S. crypto businesses also under consideration. The trade chief has been tasked with reviving efforts to push back against these foreign tax policies, which have been met with strong resistance from major technology companies.
The White House, Reuters, Financial Times, Yahoo Finance, Bloomberg, Mint, Binance, Law360, China Daily, MSN