Analysts: Trump intends to impose retaliatory tariffs on digital services tax

On February 23, US President Trump signed a memorandum on February 21, requesting the Office of the United States Trade Representative to reopen investigations into the digital services tax. Analysts say that this move indicates that the United States intends to seek retaliatory tariffs on the digital services tax. US President Trump believes that the situation of other countries imposing digital service taxes on US companies is’ very bad ‘. In recent years, several European countries have actively promoted the imposition of digital service taxes on large technology companies such as Google, Amazon, and Apple operating in their own countries, which have been strongly opposed by the United States.

Scan code to share
www.ecbnnews.com