"We've been looking at it and we can meet that very easily by just putting a big tariff on the UK, so they better be careful. If they don't drop the tax, we'll probably put a big tariff on the UK."
"The digital services tax targets companies whose worldwide revenues from digital activities exceed 500 million, with more than 25 million of the revenues from UK users."
"They think they're going to make an easy buck, that's why they've all taken advantage of our country."
"What we'll do is we'll reciprocate by putting something on that's equal or greater than what they're doing."
Donald Trump has warned the UK of potential tariffs if it maintains its digital services tax on US tech firms. The tax, introduced in 2020, imposes a 2% levy on revenues exceeding 500 million, targeting major US companies. Trump criticized the tax as an unfair advantage for the UK and stated that the US would respond with tariffs equal to or greater than the tax. This issue has contributed to ongoing tensions in US-UK relations, especially following recent political developments in the UK.
Read at www.theguardian.com
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