France and Canada’s digital services taxes are an example of unfair trade policies that could warrant reciprocal tariffs, the Trump administration said Thursday.
Each country collects over $500 million per year from US firms through the taxes, the White House said in a fact sheet on President Donald Trump’s retaliatory tariff plan. The taxes, aimed at revenues of large tech companies, are non-reciprocal and cost US businesses over $2 billion overall per year, it said.
“Reciprocal tariffs will bring back fairness and prosperity to the distorted international trade system and stop Americans from being taken advantage of,” according to the ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.