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President Trump says he’ll impose retaliatory tariffs for digital taxes, fines, practices, and policies on Apple, other American tech firms

MacDailyNews

Feb 21

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On Friday, President Donald Trump announced that he would issue a Presidential Memorandum imposing tariffs on nations that apply digital service taxes to Apple and other American tech firms.

Reuters:
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A White House official, providing details of the order, said Trump was directing his administration to consider responsive actions like tariffs “to combat the digital service taxes (DSTs), fines, practices, and policies that foreign governments levy on American companies.”
“President Trump will not allow foreign governments to appropriate America’s tax base for their own benefit,” the official said.
The memo directs the U.S. Trade Representative’s office to renew digital service taxes investigations that were initiated during Trump’s first term, and investigate any additional countries that use a digital tax “to discriminate against U.S. companies,” the official said.
Trump said last week that he would impose tariffs on Canada and France over their digital services taxes, and a White House fact sheet released at the time said that “only America should be allowed to tax American firms… Overall, these non-reciprocal taxes cost America’s firms over $2 billion per year. Reciprocal tariffs will bring back fairness and prosperity to the distorted international trade system and stop Americans from being taken advantage of.”
The digital service taxes aimed at U.S. tech giants including Alphabet’s Google, Meta’s Facebook, Apple, and Amazon have been a source of trade disputes for years.
Britain, France, Italy, Spain, Turkey, India, Austria and Canada have imposed the taxes, levied on revenues earned from digital services sold within their borders.

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MacDailyNews Note: President Trump’s Presidential Memorandum ordering the development of a comprehensive plan for restoring fairness in U.S. trade relationships and countering non-reciprocal trading arrangements, the “Fair and Reciprocal Plan” is here.

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