U.S. President Donald Trump announced plans to impose retaliatory tariffs on countries taxing American tech giants like Google and Amazon, reigniting a global debate over digital fairness. 💻⚖️
\"We’re going to be doing that, digital,\" Trump told reporters, criticizing foreign taxes as \"terrible\" for U.S. firms. The move targets nations like Canada and France, which the White House claims collect over $500 million annually from U.S. companies through digital service taxes. 💸🇫🇷🇨🇦
This isn’t new turf for Trump. During his first term, he launched a \"301 investigation\" into similar taxes, calling them unfair. Though the Biden administration later struck a temporary truce with European countries under an OECD global tax deal, Trump’s latest memo rejects that agreement, sparking fresh uncertainty for businesses. 🌐🤝➡️🚫
Tech analysts warn the decision could escalate trade tensions, impacting everything from your Netflix subscription to next-day delivery deals. 📦📈
