Donald Trump considers tariffs to counter digital taxes on US Big Tech

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Donald Trump considers tariffs to counter digital taxes on US Big Tech - Business Standard

Quick Summary:

The president has already imposed a blanket 10 per cent tax on imports from China, ordered — and then paused — 25 per cent tariffs on goods from Canada and Mexico, unveiled plans for a 25 per cent levy on US imports of steel and aluminum and directed his administration to propose a round of reciprocal tariffs for each trading partner.

More broadly, Trump’s plans highlight how in his second term he has sought to employ tariffs to reshape global trade ties and force companies to move production to the US.

Some nations have since withdrawn their digital services tax plans and instead joined a global negotiation for a minimum tax on tech companies — but those talks have stalled repeatedly.