Trump again threatens 100% tariffs against any country imposing digital services tax on US firms – live

Trump again threatens 100% tariffs against any country imposing digital services tax on US firms – live


Donald Trump revives 100% tariff threat against countries imposing digital services tax

Donald ⁠Trump has once again revived his tariff threats, warning that any country ‌that imposes ‌a digital services tax on American companies will be hit with a ⁠100% tariff on all ⁠goods.

He said ‌in a social media ​post that the new ⁠tariff would supersede ​any trade ​deals ​with the ​US.

“Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,” Trump wrote. “Some of these Countries are close to actually doing this. Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America.

“This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he added. “Additionally, the 100% TARIFF will be immediately imposed, if they proceed.”

Last month, the US trade court ruled against Trump’s latest attempt at a 10% global tariff, finding across-the-board tariffs were not justified under a 1970s trade law. But courts striking down his tariffs have done little to discourage his threats, as earlier this month he threatened tariffs of between 10% and 12.5% on 60 trading partners including the UK, the EU and Australia over alleged forced labor failures.

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Israel, Lebanon and US sign trilateral framework agreement in Washington

Israel, Lebanon and the United States have signed a trilateral framework agreement aimed at paving the way for a peace deal to end the ongoing hostilities.

“We are happy to announce a framework agreement between the sovereign government of Lebanon and of course the government of Israel, with a mediation and support of the United States of America,” US secretary of state Marco Rubio said at the signing ceremony.

The agreement “begins to put in place a framework for lasting peace and security”, Rubio added.

I’ll bring you more on this as I get it.

Marco Rubio looks on as Israeli ambassador to the US Yechiel Leiter, US state department chief of staff Daniel Holler, and Lebanese ambassador to the US Nada Hamadeh sign a framework agreement. Photograph: Saul Loeb/AFP/Getty Images



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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