Trump threatens 100% tariff on EU nations over virtual products and services tax

Trump threatens 100% tariff on EU nations over virtual products and services tax

US President Donald Trump on Friday threatened to slap a one hundred pc tariff on Eu nations that impose a virtual products and services tax, including that current industry offers can be scrapped.

“Any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America,” Trump mentioned in a publish on his Fact Social platform, including that “this TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not.”

The transfer comes only a day after EU nations gave the fairway gentle to a industry settlement negotiated ultimate 12 months with the US, which caps taxes on Eu imports at 15 %.

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