US Warns EU Over Digital Taxes, Threatens Countermeasures Against European Firms

World
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Moneycontrol•17-12-2025, 03:34
US Warns EU Over Digital Taxes, Threatens Countermeasures Against European Firms
- •US warns EU of "discriminatory and harassing" digital taxes targeting American tech firms.
- •USTR threatens "every tool at its disposal," including potential retaliation against major European companies like Accenture, DHL, Siemens, and Spotify.
- •EU Commission spokesman Thomas Regnier asserts rules apply "equally and fairly" to all companies, vowing non-discriminatory enforcement.
- •The US argues American firms provide substantial free services to EU citizens, while EU firms operate freely in the US.
- •This escalates previous tensions, with President Trump having criticized EU fines against Google and X; Canada previously rescinded its digital tax under US pressure.
Why It Matters: US threatens retaliation against EU over digital taxes, escalating trade tensions and impacting global tech policy.
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