President Donald Trump warned on Friday that he would impose 100% tariffs on European goods if countries in the region introduce digital services taxes targeting US companies.
In a post on Truth Social, Trump said "numerous" European nations were considering implementing such levies and that some were "close" to doing so.
"Any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America," Trump wrote, adding that the measure would supersede existing trade agreements and take effect immediately if the taxes are introduced.
Digital services taxes are designed to ensure large technology companies pay taxes in markets where they generate revenue, even if they have limited physical operations there.
