WASHINGTON: President Donald Trump on Monday (Aug 25) threatened additional tariffs and export restrictions towards nations that he says are focusing on US tech companies.
“Digital Taxes, Digital Providers Laws, and Digital Markets Rules are all designed to hurt, or discriminate towards, American Expertise,” Trump wrote on his Fact Social platform.
His feedback seem focused at European nations and others who’ve created legal guidelines regulating the net world.
The European Union for instance has guidelines just like the Digital Markets Act (DMA) and the Digital Providers Act (DSA) masking competitors and content material moderation.
The UK additionally has a tax on digital corporations, though Trump didn’t title particular nations or areas.
However he stated that until what Washington deemed as “discriminatory actions” have been eliminated, he would “impose substantial extra tariffs” on nations’ merchandise and institute export restrictions on US tech and chips.
“America, and American Expertise Firms, are neither the ‘piggy financial institution’ nor the ‘doormat’ of the World any longer,” Trump wrote.
