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Trump threatens Europe with high tariffs

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Donald Trump threatens Europe again. He wants high tariffs. These tariffs cost 100 percent. Goods from Europe cost double in the USA. Trump writes this on his website Truth Social.

The reason is the digital tax. Some countries in Europe use this tax. Examples are Austria and France. The tax hits big firms from the USA. Examples are Google, Meta or Apple.

These firms earn much money with ads. Trump wants to protect his firms from the tax. He says: All goods get new tariffs now. Old trade agreements do not matter anymore.

Austria has the digital tax since 2020. It costs 5 percent on online ads. Italy and Spain have such taxes too. The EU states just made a new trade agreement with the USA.

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Definitions

Tariff
A tariff is a tax on goods. You pay it when you sell things to another country.
Digital tax
This is a tax for firms on the internet. They must pay money to the state when they earn money there.
Trade agreement
This is a contract between countries. It says how they trade goods and how much tariff they pay.

People

Donald Trump
He is the president of the United States of America.
Emmanuel Macron
He is the president of France.

Locations

Austria
A country in Europe and member of the European Union.
France
A country in Europe.
USA
A big country in North America.

Sources

Südtirol News

Wegen Digitalsteuer: Trump droht Europäern mit Zöllen

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Logo Bild
Bild

Wegen Digitalsteuer: Trump droht Europäern erneut mit 100-Prozent-Zoll | Politik

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Logo VOL
VOL

Trump droht Europa mit 100% Zöllen wegen Digitalsteuer

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la Repubblica

Trump, nuove minacce all’Europa: “Dazi al 100% se imporrà digital tax ad aziende Usa”

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