European Union threatens Donald Trump with big tax on Google, Apple and Facebook if tariff talks fail: EU is ready to …
The European Union is prepared to significantly escalate its trade dispute with the United States, potentially imposing levies on major US digital companies like Meta, Google, and Facebook if negotiations with Donald Trump fail to resolve his ongoing tariff war against Europe. European Commission President Ursula von der Leyen issued a stark warning in an interview with the Financial Times, stating that the EU is developing retaliatory measures, including a possible tax on digital advertising revenues, targeting the services sector.
Von der Leyen’s comments come as the EU grants a 90-day pause on its planned retaliation against recent US steel and aluminum tariffs, imposed last month by the Trump administration.