Donald Trump considers tariffs to counter digital services taxes on Big Tech

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Donald Trump discusses tariffs on countries that provide digital services against American companies and tighten the rule of Chinese investment in the United States.

The President signed a memorandum on Friday, ordering US Trade! The representative, which will be presented during the launch of reopening investigations, its first digital services, which are defined by EU countries, as well as from Great Britain and Turkey. It also evaluates possible new probes from other countries, including Canada.

“My administration will not allow American companies and employees to the interests of American economic and national security,” the unilateral, anti-competitive policy and practice of foreign governments, “the President wrote.

Since the run office Trumpet He strived to transform the world’s trade relations with the world, threatening and implementing a number of tariffs against different countries and spheres.

He had already signaled digital taxes, there would be in his sights, as he seems to surprise the large technological groups of the nation abroad and renovate the popular tax regime.

Under the memorandum Washington will affect the taxes set by foreign governments, as well as any regulations or policies, which “hinder growth” or “are in danger” [the] Intellectual property of American corporations operating abroad.

The memorandum mentions the taxes of digital service in France and the Great Britain, whose leaders are going to visit Washington to negotiate with the President in the coming days.

“What they do in other countries are terrible,” Trump said before signing on Friday.

The President also signed a memorandum aimed at protecting national security from China and other opponents to promote foreign investment. It says that the administration will create a “quick way” process to invest US allies and partners.

The memorandum added that the Foreign Investment Committee (CFIUS), which expels security risks, will “limit the US strategic investments, such as technology, health, agriculture, healthcare, agriculture, raw materials.”

Former President Joe Biden ordered that CFIUS approached China more tougher in a number of similar fields, including technology.

The White House said that it would protect it from agricultural lands and real estate and strengthen CFIUS’s reputation about Greenfield investments.

It is said that the administration will discuss new or expanded restrictions on US outgoing technologies, including chips, artificial intelligence, quethe and biotechnology, so that the companies will transfer technology to the people’s liberation army.

“We will also accept new rules to stop US companies to invest in China and stop China, allowing all investments that clearly serve American interests.

Additional report by Stef Chavez in Washington