"In October, the Trump administration secured new trade deals with Malaysia, Cambodia, and Thailand that included a call for a permanent end to tariffs and taxes on digital goods and online services. The agreements reaffirm the United States' long-standing position that digital commerce - software, streaming, cloud storage, and similar services - should flow freely across borders, untaxed and unrestricted."
"The World Trade Organization's moratorium on customs duties on electronic transmissions is at the heart of modern digital trade. First adopted in 1998, the moratorium restricts member countries from charging customs duties on digital goods and services delivered over the internet. WTO members have extended it multiple times. It will expire in March 2026. The Trump administration wants to make the moratorium permanent."
Digital goods and online services currently evade customs duties under a longstanding WTO moratorium on electronic transmissions, first adopted in 1998 and extended repeatedly. The moratorium prevents member countries from charging duties on internet-delivered software, streaming, cloud storage, and similar services, and is scheduled to expire in March 2026. The United States secured commitments from Malaysia, Cambodia, and Thailand to refrain from digital services taxes and discrimination against American providers, and seeks a permanent extension of the moratorium. A coalition of nations from Africa, the Caribbean, and the Pacific also proposed another extension. The tariff-free regime benefits large technology firms and thousands of small and mid-sized ecommerce businesses.
Read at Practical Ecommerce
Unable to calculate read time
Collection
[
|
...
]