US president Donald Trump has vowed to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants. <\/p>\n
Writing on Truth Social, Trump said “Numerous European countries” had been discussing bringing in such a levy and some were close to doing so.<\/p>\n
He warned that the punitive penalties would be applied immediately and would completely “supersede” any existing bilateral trade agreements. <\/p>\n
While the post targets nations planning the “imminent implementation” of new levies, the precise implications for the UK were not immediately clear, given London has had such a tax in place for some time<\/a>. <\/p>\n “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,” he wrote.<\/p>\n Britain’s 2% Digital Services Tax (DST) on major search engines, social media platforms, and online marketplaces was introduced in April 2020. <\/p>\n The tax applies to tech multinationals like Apple, Google, Meta, and Amazon, specifically targeting firms with global digital revenues exceeding \u00a3500 million and UK revenues over \u00a325 million. <\/p>\n It raised more than \u00a3800 million in 2024\u201325, up from \u00a3678 million in 2023\u201324, according to the Treasury.<\/p>\n The Department for Business and Trade and the Treasury have been contacted for comment. <\/p>\n Friday’s tariff warning is the latest in several announcements from President Trump’s administration of new import taxes since the US Supreme Court struck down many of his previous duties in February.<\/p>\n