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Posted 4 hours ago
Trump threatens 100% tariff on Digital Services Tax nations
Trump posted a threat of 100% tariffs on countries implementing Digital Services Taxes on American companies, stating the tariff would override existing trade deals. USD may strengthen on protectionist rhetoric; EUR/USD and other major pairs face pressure as tariff uncertainty increases volatility and risk premiums.
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3 hours ago
Trump threatens 100% tariff on digital services tax nations
President Trump threatened Friday to impose 100% tariffs on any country implementing digital services taxes on US tech firms, targeting Europe's pending measures. This escalates trade tension and threatens EUR/USD and other risk assets; potential retaliatory tariffs on US exports could weigh on dollar strength and increase volatility across major pairs.
https://thehill.com/homenews/administration/5942802-donald-trump-threat-tariffs-europe-tech-firm-taxes/New to MyTradingLand?
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