The United States will set tariffs on the UK and other countries over digital taxes and will stop

NS Biden administration Announced 25% tariffs on US tech companies on more than $ 2 billion in imports from the UK and five other countries, but immediately tariffs to give time to continue negotiations It stopped.

Katherine Tai of the U.S. Trade Representative has joined the United Kingdom, Italy, Spain, Turkey, India, and Austria It was agreed after the investigation concluded that their digital tax discriminates against US companies.

The move underscores the threat of US retaliation against digital service taxes on US-based companies such as Alphabet, Apple, and Facebook, which was first made under the Trump administration. The largest company in the world.

The Office of the United States Trade Representative (USTR) has published a list of imports that will face tariffs if international tax negotiations are unresolved. $ 878 million worth of merchandise from the UK, such as clothing, overcoats, footwear and cosmetics, as well as about $ 386 million worth of merchandise from Italy, such as clothing, handbags and optical lenses 25 % Fee will be charged. The USTR said it would impose tariffs on goods worth $ 323 million and $ 310 million from Spain. Turkey, $ 118 million from India, $ 65 million from Austria.

Potential tariffs based on import data in 2019 aim to be equal to the amount of digital tariffs levied on US companies, according to USTR officials.

The news comes as financial leaders from G7 countries meet in London on Friday and Saturday to discuss the status of tax negotiations, including taxing major tech companies and proposing a global minimum corporate tax in the United States. It was announced.U.S. tariffs France Digital taxation was suspended in January to allow time for negotiations.

Mr. Thailand said he is focusing on “finding multilateral solutions” to digital tax and other international tax issues.

“Today’s actions, if justified in the future, provide time for these negotiations to continue to progress, while retaining the option of imposing tariffs under Section 301,” Thai said.

Thailand faced a deadline for announcing tariff measures on Wednesday. Otherwise, the statutory authorities of trade investigations would have expired.

A spokesperson for the UK government said UK taxes are temporary and are intended to ensure that tech companies pay a fair tax burden. “Our digital service tax is reasonable, proportional and not discriminatory,” said a spokesman. “This is also temporary and we are actively working with international partners to find a global solution to this problem.”

Reuters contributed to this article

The United States will set tariffs on the UK and other countries over digital taxes and will stop

Source link The United States will set tariffs on the UK and other countries over digital taxes and will stop

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