U.S. President Donald Trump meets with European Fee President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025.
Evelyn Hockstein | Reuters
President Donald Trump vowed Monday to impose “substantial” new tariffs and limit U.S. chip exports for all international locations that don’t take away digital taxes and associated laws.
Trump wrote on Reality Social that digital companies taxes, or DSTs — that are presently imposed by dozens of nations — “are all designed to hurt, or discriminate in opposition to, American Know-how.”
“I put all International locations with Digital Taxes, Laws, Guidelines, or Laws, on discover that except these discriminatory actions are eliminated, I, as President of the US, will impose substantial extra Tariffs on that Nation’s Exports to the usA.,” Trump wrote.
He added that the U.S. would additionally “institute Export restrictions on our Extremely Protected Know-how and Chips.”
“Present respect to America and our superb Tech Corporations or, contemplate the results!” Trump wrote.
Trump has lengthy sought to strain U.S. commerce companions into dropping the taxes, that are usually structured to use solely to the world’s largest and most established tech firms, like Meta, Alphabet and Amazon. In addition they occur to be American firms.
Digital service taxes have already confirmed to be a possible make-or-break concern for Trump in his administration’s ongoing commerce negotiations.
In June, he declared that he would lower off all commerce talks with Canada over the tax.
When Ottawa rapidly rescinded its tax simply earlier than it was set to activate, the White Home crowed that Canada had “caved” to strain.
That is breaking information. Please refresh for updates.
