WASHINGTON: President Donald Trump on Monday (Aug 25) threatened additional tariffs and export restrictions in opposition to international locations that he says are focusing on US tech companies.
“Digital Taxes, Digital Providers Laws, and Digital Markets Laws are all designed to hurt, or discriminate in opposition to, American Expertise,” Trump wrote on his Reality Social platform.
His feedback seem focused at European international locations and others who’ve created legal guidelines regulating the web world.
The European Union for instance has guidelines just like the Digital Markets Act (DMA) and the Digital Providers Act (DSA) masking competitors and content material moderation.
The UK additionally has a tax on digital corporations, though Trump didn’t identify particular international locations or areas.
However he mentioned that until what Washington deemed as “discriminatory actions” have been eliminated, he would “impose substantial extra tariffs” on international locations’ merchandise and institute export restrictions on US tech and chips.
“America, and American Expertise Firms, are neither the ‘piggy financial institution’ nor the ‘doormat’ of the World any longer,” Trump wrote.
