Microsoft CorporationMicrosoft recovered above $370 as Trump's tariff threat aims to protect US tech firms from DSTs.
US President Donald Trump threatened to impose immediate 100% tariffs on any country that taxes American technology firms, targeting Digital Services Taxes levied by several European governments. The warning aims to protect US tech leaders such as Alphabet, Meta, Amazon, Apple, and Microsoft from recurring costs, though market reactions were mixed with Meta climbing toward $555.69 and Microsoft recovering above $370 while Alphabet held near $341.54. France pioneered the tax in 2019 with a 3% levy that raised about €700 million in 2024, and similar measures exist in the United Kingdom, Italy, Spain, and Austria. Trump stated the tariff would supersede any existing trade deals, and a 100% rate would heavily impact European exporters of cars, wine, and luxury goods. The threat revives a dispute that previously saw the US ready 25% duties on $1.3 billion of French goods before global talks stalled.
Microsoft CorporationMicrosoft recovered above $370 as Trump's tariff threat aims to protect US tech firms from DSTs.
Apple Inc.Trump threatens 100% tariffs on countries taxing US tech firms; Apple is a target of DSTs but market reaction mixed.
Amazon.com IncAmazon is a US tech leader potentially protected by tariff threat; market reaction mixed.
Alphabet Inc Class CAlphabet is a US tech leader subject to DSTs; tariff threat could reduce tax costs but market reaction mixed.
Meta Platforms Inc.Meta climbed toward $555.69 as Trump's tariff threat aims to protect US tech firms from DSTs.