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The Trump administration has made their feelings clear about the policies of the European Union over the last year, criticizing mass migration, energy policy, defense policy, support for the Ukraine conflict, and especially censorship, surveillance, and attacks on American companies.
Now, the President has come out forcefully today on his Truth Social account threatening tariffs against nations that impose such a digital service tax on American companies.
Digital Services Tax (DST) is a type of tax imposed by governments on the gross revenues (not profits) that large companies generate from specific digital activities provided to users or consumers in that country.
Traditional corporate income taxes rely on physical presence or where profits are "earned." Many digital companies (e.g., those in online advertising, social media, marketplaces, or data sales) create significant value through user data, attention, and interactions in a market without a major physical footprint there. Countries introduced DSTs to capture some of that value, especially from big tech firms often headquartered in the US.
In the US, there is no federal DST, though some states tax digital goods/services via sales tax, and debates continue.
Trump doesn't want any other country stealing money for his digital ID plans:
Ricardo on X: "Trump is about to lock 157 million Americans out of their own bank accounts. Treasury Secretary Scott Bessent confirmed an executive order forcing every US bank to collect proof of citizenship is "in process." And he just doubled down: "If Treasury and the banking regulators https://t.co/7QPAjHWDxv" / X
Please do NOT upload your digital ID as that is giving the beast system your mark to buy and sell:
The Mark of the Beast | Sum Of Thy Word
LOL, uckfing commies all over the world think they own you. Please stop putting these pagans in office unless you are a pagan yourself.