"Meta Platforms CEO Mark Zuckerberg ( pictured) reportedly met with US President Donald Trump to discuss the threat of digital market taxes against US companies, ahead of the latter's threat to impose tariffs on nations which do not remove such legislation. Bloomberg reported yesterday (28 August) Zuckerberg met with Trump last week to talk about the threat of countries attacking US players by instituting digital rules and taxes against them."
"The news agency reported the majority of Meta Platforms' revenue comes from advertising on social media platforms Instagram, Facebook and WhatsApp. Digital market rules are designed to tax technology companies' revenue on a per country basis. On Tuesday (26 August), Trump vowed to "impose substantial additional Tariffs on that Country's Exports to the USA" in a post on his Truth Social platform."
Mark Zuckerberg met with US President Donald Trump to discuss digital market taxes and threats to US tech companies. The focus was on countries instituting digital rules and taxes that could target US platforms and advertising revenue. Meta derives the majority of its revenue from advertising on Instagram, Facebook and WhatsApp. Digital market rules seek to tax technology companies' revenue on a per-country basis and could reduce international returns. Trump vowed to impose substantial additional tariffs on countries that maintain such legislation and threatened export restrictions on highly protected technology and chips. Several jurisdictions, including the European Union and the UK, have digital service and market regulations in place.
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