Posted on 06/26/2026 5:47:19 PM PDT by MinorityRepublican
President Trump threatened to scrap a just-finalized trade deal with the European Union on Friday, saying that any country that levies a digital services tax would be hit immediately with a 100 percent tariff on all exports to the United States.
Mr. Trump seized on the fact that several European countries are discussing imposing such taxes. Those taxes would apply to the revenue that major U.S. tech firms earn in Europe. If they choose to proceed, the United States would “immediately" impose a 100 percent tariff on them, he said.
“This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” he wrote on Truth Social.
Earlier in June, Mr. Trump threatened to put a 100 percent tariff on French wines over the nation’s digital taxes, but has not done so.
It’s unclear how quickly the president could impose any such levies. The Supreme Court in February struck down tariffs Mr. Trump had issued last year using an emergency law that allowed him to impose levies on any country by issuing an executive order.
Other legal options that would allow the president to issue tariffs typically take more time to impose. But the United States has investigated digital service taxes in France, Austria, Spain and Italy in the past using a legal provision known as Section 301, which could allow the administration to issue tariffs on a shorter timeline.
The president’s posts threatened to undermine the terms of a trade deal that has taken months to conclude.
The European Union just this week finalized a sweeping trade accord it struck with the United States last year at President Trump’s golf course in Turnberry, Scotland.
(Excerpt) Read more at nytimes.com ...
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Yawn
Do it!
.
It’s not like they’re buying things from us.
We barely make anything.
China dominates their marketplace more than they do here.
All talk, no action Trump when it comes to America first.
We still have hordes of his pal Musk’s H1B pouring in and staying.
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