Trump Threatens To Slap 'Big Tariff' On UK Unless Tax On Tech Giants Is Axed

The US president said: "They better be careful."

Donald Trump has threatened to slap extra tariffs on UK goods unless the government drops its plans for a digital services tax on tech giants.

The US president accused the government of “targeting American companies” and said they “better be careful” or face the consequences.

Ministers hope to raise around £5 billion over the next five years from the digital services tax, which imposes a 2% levy on the revenues of search engines, social media services and online marketplaces operating in the UK.

The White House has previously lobbied the government to reduce or abolish the tax as part of trade........

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