Close Menu
    What's Hot

    LIVERescue efforts continue in Venezuela after deadly earthquakes kill at least 920 peopleMore than 3,300 people are injured and many have been reported missing after two powerful quakes rocked the country on Wednesday.

    June 27, 2026

    Just how much trouble is Canada's economy in?Five charts help illustrate the state of Canada's economy – and how it's performing compared to other wealthy nations.4 hrs agoUS & Canada

    June 27, 2026

    Trump threatens 100% tariff on European nations over tech taxThe US president says "Numerous European countries" have been discussing bringing in such a levy.4 hrs agoBusiness

    June 27, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • Economy
    Facebook X (Twitter) Instagram
    Gulf News Week
    Subscribe
    Saturday, June 27
    • Home
    • Politics
      • Europe
      • Middle East
      • Russia
      • Social
      • Ukraine Conflict
      • US Politics
      • World
    • Region
      • Middle East News
    • World
    • Economy
      • Banking
      • Business
      • Markets
    • Real Estate
    • Science & Tech
      • AI & Tech
      • Climate
      • Computing
      • Science
      • Space Science
      • Tech
    • Sports

      Dominant PSG put Liverpool on the brink with 2-0 Champions League quarter-final first-leg win

      April 9, 2026

      Dubai Basketball U-18 Elite Crowned Basket Cup Sarajevo 2026 Champions in Historic Debut

      April 6, 2026

      Saudi boxing crowns 20 champions as Kingdom’s Elite Belt concludes in Riyadh

      April 4, 2026

      “He Signed for a Real Fight”: Pacquiao Contradicts Mayweather Over Rematch Status

      April 3, 2026

      Arsenal Hold Off Chelsea Fightback to Reach Women’s Champions League Semi-Finals

      April 2, 2026
    • Health
    • Travel
    • Contact
    Gulf News Week
    Home»Most Viewed News»Trump threatens 100% tariff on European nations over tech taxThe US president says "Numerous European countries" have been discussing bringing in such a levy.4 hrs agoBusiness
    Most Viewed News

    Trump threatens 100% tariff on European nations over tech taxThe US president says "Numerous European countries" have been discussing bringing in such a levy.4 hrs agoBusiness

    Gulf News WeekBy Gulf News WeekJune 27, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Trump threatens 100% tariff on European nations over tech taxThe US president says "Numerous European countries" have been discussing bringing in such a levy.4 hrs agoBusiness
    Share
    Facebook Twitter Pinterest Email Copy Link
    Getty Images US President Donald Trump wearing a navy suit, white shirt, and gold tie holds both of his hands up as he speaks during an event in the Oval Office of the White House. Two mean in suits and ties are on located on the left and right of him.
Getty Images
    US President Donald Trump speaks during an event in the Oval Office of the White House on June 22, 2026 in Washington, DC.

    US president Donald Trump has vowed to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants.

    Writing on his Truth Social platform, Trump said “Numerous European countries” had been discussing bringing in such a levy and some were close to doing so.

    He warned that the punitive penalties would be applied immediately and would completely “supersede” any existing bilateral trade agreements.

    While the post targets nations planning the “imminent implementation” of new levies, the precise implications for the UK were not immediately clear, given London has had such a tax in place since 2020.

    Britain’s 2% Digital Services Tax (DST) applies to major search engines, social media platforms, and online marketplaces with global revenues from their digital businesses exceeding £500 million, and total UK revenues surpassing £25 million.

    It impacts some of the largest US companies, including Apple, Google, Meta, and Amazon and raised more than £800 million in 2024–25, up from £678 million in 2023–24, according to the Treasury.

    In April, Trump said that the UK faced “a big tariff” for purportedly targeting major US companies with a tax.

    “They think they’re going to make an easy buck, that’s why they’ve all taken advantage of our country”, Trump said at the time.

    The Department for Business and Trade and the Treasury have been contacted for comment.

    Trump’s threat of retaliation against European nations that may be planning to launch or revise their own such tax comes just days after the US and EU finalised a new trade deal.

    Michael Damianos, minister of energy, commerce and industry of the Republic of Cyprus, said at the time that “the EU can respond swiftly and proportionately when the deal is not respected or its interests are at stake”.

    France, Italy and Spain also impose a digital services tax of 3% on large companies operating in their countries, and several other EU nations have implemented or proposed a similar tax, according to Tax Foundation, a nonprofit group focused on tax policy.

    Amazon earlier this year upped its fees on sellers citing such taxes.

    Trump has attempted to impose large tariffs on many countries since he became president again in 2025.

    The US Supreme Court in February struck down Trump’s earlier attempt to impost a global tariff of 10%.

    Nevertheless, the US recently announced new tariffs of 10-12.5% on dozens of countries accounting for almost all its imports over claims that such countries are not doing enough to tackle forced labour.

    UK mulls big tech tax changes to avoid US tariffs

    US announces new tariffs over forced labour concerns

    Donald Trump
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Gulf News Week

    Related Posts

    Most Viewed News

    LIVERescue efforts continue in Venezuela after deadly earthquakes kill at least 920 peopleMore than 3,300 people are injured and many have been reported missing after two powerful quakes rocked the country on Wednesday.

    June 27, 2026
    Most Viewed News

    Just how much trouble is Canada's economy in?Five charts help illustrate the state of Canada's economy – and how it's performing compared to other wealthy nations.4 hrs agoUS & Canada

    June 27, 2026
    Most Viewed News

    How Cape Verde stunned World Cup to set up Argentina tieHow has a group of islands with just 525,000 inhabitants made it to the knockout rounds of the World Cup?40 mins agoWorld Cup

    June 27, 2026
    Most Viewed News

    Two years ago, she was delivering parcels – now KWN is an R&B starThe R&B singer broke out with the single Worst Behaviour, which she sold on a custom-built website.4 hrs agoCulture

    June 27, 2026
    Most Viewed News

    Religion row as Texas makes Bible stories required reading in schoolsCritics say the new reading requirements infringe on religious freedoms and blur the separation of church and state.2 hrs agoUS & Canada

    June 27, 2026
    Most Viewed News

    The first non-stop London to Sydney flight is coming – with challengesSome analysts say the first non-stop London to Sydney flight is a major milestone – but would you buy a ticket?2 hrs agoLondon

    June 27, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    LIVERescue efforts continue in Venezuela after deadly earthquakes kill at least 920 peopleMore than 3,300 people are injured and many have been reported missing after two powerful quakes rocked the country on Wednesday.

    June 27, 2026

    Just how much trouble is Canada's economy in?Five charts help illustrate the state of Canada's economy – and how it's performing compared to other wealthy nations.4 hrs agoUS & Canada

    June 27, 2026

    Trump threatens 100% tariff on European nations over tech taxThe US president says "Numerous European countries" have been discussing bringing in such a levy.4 hrs agoBusiness

    June 27, 2026

    How Cape Verde stunned World Cup to set up Argentina tieHow has a group of islands with just 525,000 inhabitants made it to the knockout rounds of the World Cup?40 mins agoWorld Cup

    June 27, 2026
    Latest Posts

    LIVERescue efforts continue in Venezuela after deadly earthquakes kill at least 920 peopleMore than 3,300 people are injured and many have been reported missing after two powerful quakes rocked the country on Wednesday.

    June 27, 2026

    Just how much trouble is Canada's economy in?Five charts help illustrate the state of Canada's economy – and how it's performing compared to other wealthy nations.4 hrs agoUS & Canada

    June 27, 2026

    How Cape Verde stunned World Cup to set up Argentina tieHow has a group of islands with just 525,000 inhabitants made it to the knockout rounds of the World Cup?40 mins agoWorld Cup

    June 27, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo
    Gulf News Week

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    LIVERescue efforts continue in Venezuela after deadly earthquakes kill at least 920 peopleMore than 3,300 people are injured and many have been reported missing after two powerful quakes rocked the country on Wednesday.

    June 27, 2026

    Just how much trouble is Canada's economy in?Five charts help illustrate the state of Canada's economy – and how it's performing compared to other wealthy nations.4 hrs agoUS & Canada

    June 27, 2026

    Trump threatens 100% tariff on European nations over tech taxThe US president says "Numerous European countries" have been discussing bringing in such a levy.4 hrs agoBusiness

    June 27, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Gulf News Week. Designed by HAM Digital Media.
    • Home
    • Politics
    • Economy
    • Sports

    Type above and press Enter to search. Press Esc to cancel.