President Donald Trump has once again raised the threat of putting further tariffs on semiconductors and technology. The U.S. president wants to apply these import taxes against countries that impose digital services taxes, especially those against American tech companies, as reported by Bloomberg.
“Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology. They also outrageously, give a complete pass to China’s largest Tech Companies. This must end, and end NOW!” Trump posted on his social media platform. “With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country’s Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips.”
