Amazon.com IncTrump threatens 100% tariff on countries taxing digital services, directly impacting Amazon's international operations.
President Donald Trump is threatening to impose a 100% tariff on goods from any country that taxes digital services provided by American tech companies such as Alphabet, Meta, and Amazon. In a Truth Social post, Trump said numerous European countries are discussing or close to implementing a digital services tax, and that any such tax would be met immediately with a 100% tariff on all goods sent to the United States, superseding any existing trade deals. Last week, Trump warned of a 100% tariff on French wine over France's digital services tax, but French President Emmanuel Macron responded that France had no plans to eliminate the tax.
Amazon.com IncTrump threatens 100% tariff on countries taxing digital services, directly impacting Amazon's international operations.
Alphabet Inc Class CTrump threatens 100% tariff on countries taxing digital services, directly impacting Alphabet's international operations.
Meta Platforms Inc.Trump threatens 100% tariff on countries taxing digital services, directly impacting Meta's international operations.