President Trump continues to battle Europe over its policies and taxes on big-tech. Recently, President Trump escalated that fight.
According to The Hill:
The long-running fight between the U.S. and Europe over how to tax American tech giants is heating up.
The Trump administration on Monday proposed retaliating against France for a tax on digital services, floating $2.4 billion in tariffs, and Paris is vowing to hit back.
The dispute is raising pressure on international negotiators to develop a framework for taxing tech companies whose businesses span the globe. But as the complicated talks unfold, the U.S. is threatening to launch more investigations.
“USTR’s decision today sends a clear signal that the United States will take action against digital tax regimes that discriminate or otherwise impose undue burdens on U.S. companies,” Robert Lighthizer, the U.S. trade representative (USTR), said on Monday.
A majority of the companies to be affected by the tax are in the United States.