‘US Tech Firms Not Piggy Bank’: Trump Vows ‘Substantial’ Tariffs On Nations With ‘Digital Taxes’

Last Updated:August 26, 2025, 07:06 IST

Donald Trump threatened the countries with digital taxes on American tech companies that he would impose "substantial additional tariffs" on their exports to the US.

Trump threatens countries with digital taxes (Reuters Image)

President Donald Trump on Monday threatened to impose “substantial additional tariffs" and export curbs on the advanced American technology and semiconductors in retaliation for what he described as an “attack" on US tech companies with digital taxes by several countries.

He accused the nations of imposing such taxes on the US tech firms to “harm or discriminate against" the American technology, while giving a “complete pass" to the Chinese companies.

“I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country’s Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips," Trump posted on Truth Social.

More to follow…

Ashesh Mallick

Ashesh Mallick is a Sub-Editor with over three years of experience in news writing, video production. He primarily covers national news, politics and global affairs. You can follow him on Twitter: @MallickAshes...Read More

Ashesh Mallick is a Sub-Editor with over three years of experience in news writing, video production. He primarily covers national news, politics and global affairs. You can follow him on Twitter: @MallickAshes...

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First Published:

August 26, 2025, 07:06 IST

News world ‘US Tech Firms Not Piggy Bank’: Trump Vows ‘Substantial’ Tariffs On Nations With ‘Digital Taxes’

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