EU Threatens Additional Taxes On US Tech Giants Amid Ongoing Tariff War: 'We Are Developing Retaliatory Measures', Says Von der Leyen

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EU Threatens Additional Taxes On US Tech Giants Amid Ongoing Tariff War: 'We Are Developing Retaliatory Measures', Says Von der Leyen - Benzinga

Quick Summary:

The European Union (EU) is contemplating imposing levies on U.S.tech giants like Meta Platforms (NASDAQ:META) and Google (NASDAQ:GOOG) (NASDAQ:GOOGL) if the ongoing tariff negotiations with the Trump administration fail to be resolved.

The measure would involve a tariff implemented uniformly across the single market, unlike digital sales taxes, which are levied separately by individual member states, explained Von der ...

What Happened: Ursula von der Leyen, the EU Commission president, told the Financial Times that the EU is seeking a balanced agreement with Washington during a 90-day pause in additional tariffs.