Trump Increases Pressure on Europe Over Tech Taxes

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.

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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.

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dick
dick
1 year ago

President Trump should put tariffs in place to cover the shortfall. We need a lot less products from France and Canada than we need from them. We use a lot of frill products from France such as perfumes, fashion items. In general we get a lot of items from France that we can live without .We could increase the tariffs on these products until we get in a positive equity position. Its about time that we play hard ball with these pansies. When they get threatened we are the first people they call for help.

Lea
Lea
1 year ago

@dick….I totally agree with what you’re saying. Besides, I bought some French Perfume and IF I wore it, people were truly appalled. So I stuffed it into a back corner of my closet to never touch it again. Their Wine, for another example is Horrific. It only took one swallow. Although I do ‘not’ drink anything anymore, my nieces do drink wine, but it’s always Italian. I guess we’re just used to that, as our grandparents and uncles used to make their own from fresh grapes, in their own wine barrels. SO…France has nothing worth buying for us. Forget the clothes. Just ordered from Bloomingdales and I’m satisfied. But even their lines are made in China, which I did NOT appreciate. TARIFFS, TARIFFS, TARIFFS!! Hit them all, because IMO, I want clothing made in the U.S.A…good clothing that’s not cut to fit starving Chinese Workers. Meaning….Not To their patterns which are not close to reality, and made to fit dolls! Junk

Robert POWELL
Robert POWELL
1 year ago

DO ANY of the major clothing companys even make any of their stuff in america? i know carhart is mostly made in centeral americaSOUTH, AND LEVI’S ARE not worth buying now. WHO ELSE????

Mathew Mok
Mathew Mok
1 year ago
Reply to  Robert POWELL

The last pair of REDWINGS I bought were USA but that was a couple of years back, (They last forever) I hear you loud and clear about Levi’s. The cheapest chi-com pants you can buy wear just as long. I quit buying them a long time ago,,,,after wearing nothing but for over 50 years.

Gary Von Neida
Gary Von Neida
1 year ago

France fell to Germany in WWII with nary a shot being fired, the Vishey (sp) French capitulated like good dogs.

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