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Trump warns of 100 per cent tariff on countries imposing digital tax on US firms

Trump said the tariffs would take effect immediately and override existing trade agreements. Trump argued that such taxes unfairly discriminate against US technology firms

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Trump escalates trade warning over digital taxes on American technology companies. File Pic

Trump escalates trade warning over digital taxes on American technology companies. File Pic

US President Donald Trump on Friday threatened to impose a 100 per cent tariff on imports from any country that introduces a Digital Services Tax on American companies, warning that such duties would override existing trade agreements and take effect immediately. 

In a statement posted on his social media platform, Trump said several European countries were discussing the imminent implementation of Digital Services Taxes targeting American technology firms and that some were close to moving ahead.

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