Trump Warns Against Tech Taxes & Laws Targeting US Companies
Politics

Trump Warns Against Tech Taxes & Laws Targeting US Companies

Washington D.C. – The United States President has issued a strong warning to international governments regarding potential measures targeting American technology companies. In a statement released Monday evening, the President cautioned against the implementation of digital taxes, regulations concerning digital services and rules governing digital markets, asserting that these initiatives disproportionately harm U.S. tech firms.

The President specifically criticized what was described as a failure to address comparable practices by major Chinese technology companies, framing the issue as an unfair targeting of American innovation. The statement alleges that these policies aim to either damage or discriminate against U.S. technology businesses.

Furthermore, the President indicated a willingness to retaliate against nations enacting such measures. The statement detailed the potential imposition of “substantial additional tariffs on exports from these countries into the United States” and the possibility of export restrictions on advanced U.S. technology and semiconductors. The administration characterized the U.S. and its tech sector as being unwilling to serve as a source of funding or a target for unfair practices globally.

The statement concluded with a direct appeal for respect towards the United States and its technology companies, alongside a warning of potential repercussions should such respect not be forthcoming. The administration has not yet outlined a specific timeline for potential action.