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Trump Threatens Tech Tariffs in Digital Taxes Reprisal | Bloomberg Tech 8/26/2025
Bloomberg Technology· 2025-08-26 20:50
>> BLOOMBERG TECH IS LIVE COAST-TO-COAST WITH CAROLINE HYDE AND ED LUDLOW. CAROLINE: AT&T PLANS TO BUY $25 BILLION WORTH OF SPECTRUM LICENSES. PLUS THE DIGITAL SERVICES TAX FIGHT RE-ESCALATES AS PRESIDENT TRUMP THREATENS MORE TARIFFS AND RESTRICTIONS ON ADVANCED TECH AND CHIPS IN RETALIATION AS WE AWAIT A CABINET MEETING WITH PRESIDENT TRUMP THIS HOUR.WE'LL DISCUSS WHAT TO EXPECT BUT FIRST WE CHECK IN ON THE MARKETS WHERE THERE IS A MACRO STORY AT PLAY THAT AFFECTS THE BOND MARKET. STOCKS PRETTY RESILIENT I ...
Trump threatens more tariffs on nations that tax US tech giants — and ‘give a complete pass' to Chinese tech
New York Post· 2025-08-26 16:37
Core Viewpoint - President Trump threatens to impose substantial tariffs and export restrictions on countries implementing digital taxes that discriminate against US tech companies while favoring Chinese firms [1][3][6] Group 1: Digital Taxes and US Tech Companies - Digital taxes (DSTs) are seen as discriminatory against American technology firms like Meta, Alphabet, and Amazon, which are primarily based in the US [6][12] - Countries argue that since these firms generate significant profits from their citizens, they should be taxed accordingly [6] - The EU's Digital Services Act (DSA) is viewed by the US as an undue restriction on free speech, with claims that it amounts to censorship of platforms like Facebook and Instagram [9][11] Group 2: US-EU Relations and Trade Tensions - Tensions between the US and EU are escalating, particularly after a trade deal that established 15% tariffs on the trading bloc [4] - The White House is considering sanctions against EU officials responsible for the DSA, potentially in the form of visa restrictions [3][4] - France has been a vocal advocate for retaliatory measures against the Trump administration, including the use of an "anti-coercion instrument" to restrict American companies in Europe [13][14] Group 3: Political Responses and Statements - Trump emphasizes the need for respect towards American tech companies and warns of consequences for countries that do not comply [3] - Danish lawmaker Anders Vistisen supports Trump's stance, framing the issue as a defense of free speech against EU regulations [4] - Secretary of State Marco Rubio has previously indicated that those who censor American speech could face visa bans, highlighting the potential for diplomatic repercussions [11][13]
Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick
CNBC Television· 2025-07-24 14:06
and make official. Start your will at trusted will and make it count. >> The US and the EU scrambling to strike a trade deal ahead of next week's August 1st deadline.FTX did report yesterday that a potential deal would impose 15% tariffs on European imports, similar to the Japan number that we got this week. Joining us this morning, Commerce Secretary Howard Lutnick. Mr.. Secretary, great to have you. I know you've been busy streets hungry for an update on the EU. What can you tell us.>> Well, the EU really ...
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Bloomberg· 2025-06-30 21:27
Canada scrapped its new levy on technology firms after US President Donald Trump terminated trade talks over what he called an "egregious" tax. But what are digital services taxes and why does Trump dislike them? Here's what to know https://t.co/Rk2fKKShkk ...
X @Bloomberg
Bloomberg· 2025-06-30 16:05
The UK is currently planning to keep its digital services tax after Canadian Prime Minister Mark Carney scrapped their own levy to restart trade talks with President Donald Trump’s administration https://t.co/FyWouDogT5 ...
Canada rescinds digital services tax after Trump says U.S. will halt trade talks
NBC News· 2025-06-30 12:26
Well, the Trump administration's trade dispute with Canada is back in the spotlight this morning. Canada has rescended a digital services tax on tech companies. This includes those based in the United States.It comes after President Trump announced on Friday he was suspending trade talks with the country. NBC News White House correspondent Yamish Alinder joins us now with the latest. Yamish, good morning.Great to see you. So, these first payments, they were actually initially set to be collected today. This ...
X @Investopedia
Investopedia· 2025-06-30 11:00
Canada said that it is rescinding its digital services tax that would have targeted U.S. technology firms, in a bid to restart trade talks between Washington and Ottawa. https://t.co/zK2CrfzWXk ...
Canada Drops Tech Tax to Restart US Trade Talks
Bloomberg Television· 2025-06-30 05:50
As we've just been discussing on Canada, I think the removal of that digital services tax. While some may have argued that that was actually a point of leverage for Canada in any trade negotiations with the United States for moving that off the table does seem to have opened the door maybe a little bit more for the US and Canada to negotiate a deal. I think it's pretty you know, I mean, it's important to note that this kind of leaves the path for Trump and the Canadian Prime Minister, Mark Carney, to talk a ...
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CNN· 2025-06-30 05:04
Canada will rescind a digital services tax to restart US trade talkshttps://t.co/JZu0CIJFsU ...
X @CNN Breaking News
CNN Breaking News· 2025-06-30 05:04
Canada will rescind a digital services tax to restart US trade talkshttps://t.co/8HFgt4Hd6H ...