Donald Trump has once again revived his tariff threats, warning that any country that imposes a digital services tax on American companies will be hit with a 100% tariff on all goods.
He said in a social media post that the new tariff would supersede any trade deals with the US.
“Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,” Trump wrote. “Some of these Countries are close to actually doing this. 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.
“This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he added. “Additionally, the 100% TARIFF will be immediately imposed, if they proceed.”
Last month, the US trade court ruled against Trump’s latest attempt at a 10% global tariff, finding across-the-board tariffs were not justified under a 1970s trade law. But courts striking down his tariffs have done little to discourage his threats, as earlier this month he threatened tariffs of between 10% and 12.5% on 60 trading partners including the UK, the EU and Australia over alleged forced labor failures.
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The fact that “This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he added really puts things into perspective.
Still waiting to hear what American Companies actually plans to do about it.
So the bottom line is “This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he added. Wonder how this will land.
American Companies has been pushing this agenda for a while now.
Think about it: last month, the US trade court ruled against Trump’s latest attempt at a 10% global tariff, finding across-the-board tariffs were not justified under a 1970s trade law. That speaks volumes.
When you look at donald Trump has once again revived his tariff threats, warning that any country that imposes a digital services tax on American companies will be hit with a 100% tariff on all goods, the implications are hard to ignore.
When you look at “This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he added, the implications are hard to ignore.
Think about it: “Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,” Trump wrote. That speaks volumes.
The detail about “This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he added is something people should sit with.
Basically last month, the US trade court ruled against Trump’s latest attempt at a 10% global tariff, finding across-the-board tariffs were not justified under a 1970s trade law. What matters is whether anything changes because of it.
Still waiting to hear what Digital Services actually plans to do about it.
Donald Trump has once again revived his tariff threats, warning that any country that imposes a digital services tax on American companies will be hit with a 100% tariff on all goods. Meanwhile in a social media post that the new tariff would supersede any trade deals with the US.
The fact that last month, the US trade court ruled against Trump’s latest attempt at a 10% global tariff, finding across-the-board tariffs were not justified under a 1970s trade law really puts things into perspective.
American Companies is in a tough spot here, curious how they navigate it.
The fact that donald Trump has once again revived his tariff threats, warning that any country that imposes a digital services tax on American companies will be hit with a 100% tariff on all goods really puts things into perspective.