The United States has introduced new suspended tariffs against six countries that have targeted tech giants by imposing taxes on digital services, the office of the U.S. Trade Representative said.
Austria, India, Italy, Spain, Turkey and the United Kingdom will be subject to the rates. They are set at 25% on assets worth approximately $ 2 billion, although they will not go into effect for 180 days as the United States continues to negotiate on a proposed global tax regime.
“The United States remains committed to reaching consensus on international tax issues through the OECD and G20 processes. Today’s actions provide time for those negotiations to continue moving forward while maintaining the option to impose tariffs under Section 301 if justified in the future. ” The United States Trade Representative, Katherine Tai, said in a declaration Wednesday
In April, the US government signaled plans to enact retaliatory tariffs in countries that tax the digital products of US companies, including Apple’s App Store.
The six countries included in the USTR list charge between 2% and 5% taxes on digital services. Although the details vary by country, the taxes cover areas such as social media, digital marketplaces, advertising, and search engines.
Foreign countries have long complained that American tech giants like Apple, Google, and Facebook should pay more taxes. The United States’ response reflects its opposition to what it sees as discriminatory policies directed at successful companies.
The delayed tariffs announced Wednesday will affect a number of different consumer products, including cosmetics, clothing, video game consoles, carpets and shrimp, among other imports.
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