US President Donald Trump has threatened to impose a 100% tariff on all goods from any country that maintains a digital services tax on American companies.
The warning, issued via a post on Truth Social on Friday, targets European nations and other jurisdictions that have levied such taxes on US tech firms, inflaming transatlantic trade tensions.
A 100% tariff would effectively ban imports from affected countries, creating severe economic disruption for exporters and potentially triggering retaliatory measures.
The threat marks a significant escalation in the ongoing trade dispute between the US and its allies.
A 100% tariff would effectively ban imports from affected countries, creating severe economic disruption for exporters and potentially triggering retaliatory measures.
The move underscores the administration's aggressive stance on what it views as unfair taxation of US digital businesses.
European markets are likely to react with increased volatility, particularly in sectors heavily reliant on exports to the US.