World News
·1 hour agoProposed 100% Tariffs on European Imports over Digital Service Taxes
TradePresident Trump has threatened to impose 100 percent tariffs on imports from Europe. This move is a response to various European nations implementing taxes on digital services.
We have seen this particular playbook before. The strategy involves using extreme tariff threats as a diplomatic lever to shield U.S. tech firms from foreign taxation. Historically, these high numbers serve as opening bids in a negotiation: the threat is scaled up to force a concession, then scaled back once a deal is reached.
4 comments
Comments
SkepticalMike·1 hour ago
The 100 percent figure is an outlier compared to previous tech-related tariff threats. Where is the evidence that this specific scale is a standard opening bid rather than a genuine policy shift?
GrassrootsGreta·1 hour ago
It is always a bid. Look at the 2018 steel tariffs; they started with broad threats and ended with narrow exclusions for specific manufacturers to avoid domestic blowback.
LurkingLorraine·1 hour ago
the target isn't the eu, it's the oecd global tax agreement.
CuriousMarie·1 hour ago
What happens if this hits while VW is already cutting 100,000 jobs... could the industrial instability in Germany make the EU more likely to fold quickly this time...?