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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump threatens 100% tax on European imports if countries impose tax on digital services
WASHINGTON (AP) President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies.
In a post on social media, Trump took aim at European countries that he said are discussing "imminent" implementation of taxes on American companies. The U.S. president has repeatedly sought to use tariffs as way to deter such taxes, but many countries are looking for revenues as their economies increasingly operate in digital realms that are dominated by American companies.
"Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America," Trump wrote.
He added that the new tax would supersede any previously negotiated trade deals. Trump said the penalty would apply to any country that moves forward with such a tax, but he singled out European nations in his post.
https://www.yahoo.com/news/politics/articles/trump-threatens-100-tax-european-163934029.html
Let's fuck the economy up even more.
Johonny
(26,861 posts)Why the need to threaten, I thought his economic team was winning. We are the hottest economy in the world, right?
Sounds like going all in in a Texas hold em game after being dealt a 2 and a 7 off suit.
orthoclad
(5,149 posts)Bluetus
(3,312 posts)Those countries know that he has no power to impose those tariffs.
Disaffected
(6,706 posts)Didn't Trump already get slapped down by the courts for imposing illegal tariffs?