US president Donald Trump has threatened to impose a 100% import tariff against any country imposing a digital services tax, which includes the UK.
Mr Trump made a similar threat in April, indicating that substantial tariffs could be imposed unless the country reverses its digital services tax on American technology firms.
The levy, implemented in 2020, applies a 2 per cent charge on the revenues of major US companies such as Apple, Alphabet’s Google, and Meta.
The measure has drawn criticism from both Mr Trump and his successor, Joe Biden.
Speaking in April, Mr Trump said: “We’ve been looking at it and we can meet that very easily by just putting a big tariff on the UK, so they better be careful.”
More to follow…
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