The US is threatening a $ 2 billion tariff against 6 nations for digital taxes

US threatens to push tariffs on $ 2 billion worth of goods in the UK and five other countries while discussing how to tax technology companies, a move that risks reviving the transatlantic trade war if parties do not resolve thorny disputes over a broader international tax deal .

Office of the U.S. Trade Representative he said imposed them but immediately suspended tariffs for six months in Austria, India, Italy, Spain, Turkey and the UK, while gathering some probes into how countries tax US tech giants.

The ad is blocked due to an update from rich countries international tax regime. The Biden administration has advanced U.S. technology companies and other large multinationals in empowering advanced economies to raise corporate taxes, and has imposed a global tax on minimum corporations.

Governments that charge for “digital services” have argued that technology companies pay too little in taxes for profits they make in many countries, including low-tax jurisdictions such as Ireland. Washington has said the taxes are unfair because they affect U.S. companies disproportionately.

U.S. Trade Representative Katherine Tai said a six-month tariff suspension would allow more time for international tax talks to continue, but would “allow the U.S. to maintain its ability to set tariffs.” . . if it is guaranteed in the future ”.

The Biden administration in April offered a new proposal to revise the international tax system, trying to break it impasse In ongoing tax talks in the OECD.

The U.S. proposal would apply taxes to the overall profits of the largest companies, including large U.S. technology groups, regardless of their physical presence in a particular country. He also looked for A the minimum The overall corporate tax rate is 21%, although it has recently been said that the US will accept a minimum of 15%.

The new tariffs in the UK would be severely damaged if no agreement is reached to dissolve them, with British exports to the US being covered by taxes of 25% of $ 887 million a year. Products that will be targeted include perfumes, makeup, clothing, jewelry and video games.

The U.S. has already suspended 25 percent tariffs $ 1.3 billion worth Among French bags and cosmetics, they threatened to hit the first champagne and cheeses at 100 percent import tariffs.