Trump threatens 100% tax on European imports if countries impose tax on digital services

Canning inside Port City Brewing just outside of DC is moving, but as beer flows and labels are added, Keeping production alive inside this Alexandria, Virginia brewery costs *** lot more than it did one year ago. The empty bottles come down this way. We first visited the Port City Brewing Company last March, just before President Donald Trump’s Liberation Day tariffs took effect. Our bottle caps are manufactured in Mexico. At that time, President Bill Butcher braced for *** hit to his supply chain and to costs, higher prices, he warned that would hurt business. Now, one year later, it’s been chaotic. And if I can put another word on top of that, it’s been unnecessarily chaotic. Butcher says reality has hit hard. He says the brewery has faced some tough decisions managing costs for supplies, hiring staff, and whether to pass the growing bill on to customers. Our hop supplier is giving us *** 10 to 12. 10% increase. Our cans are going up about 10%. Our bottles have gone up about 10%, and our malt has also gone, so everything is going up. And it’s not just tariffs. The war in Iran is also driving up global oil prices and for Port City Brewing that means more costs to truck in supplies and ingredients. Experts say the ongoing war is piling onto those tariffs. Now with the Iran war, we’re facing some legs up with prices which may be quite devastating for households and individuals. Experts say American consumers, businesses, and the overall economy still are facing an uncertain future one year later. So these are quite unusual times, but I think many The components or descriptions of these unusual times with uncertainty being at the top of the list are here to stay for the foreseeable future. Nationwide, President Trump’s Liberation Day tariffs have slowed many imports to the US. Our Get the Facts data team found that while AI-related products saw growth when it comes to those US imports, other materials like metal and auto parts saw declines. Reporting in Washington, I’m Amy Liu.


By COLLIN BINKLEY, Associated Press

President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies.Related video above: The impact of Trump’s Liberation Day tariffsIn a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on American companies.”Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America,” Trump wrote.He added that the new tax would supersede any previously negotiated trade deals. Trump said the penalty would apply to any country that moves forward with such a tax, but he singled out European nations in his post.

WASHINGTON —

President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies.

Related video above: The impact of Trump’s Liberation Day tariffs

In a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on American companies.

“Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America,” Trump wrote.

He added that the new tax would supersede any previously negotiated trade deals. Trump said the penalty would apply to any country that moves forward with such a tax, but he singled out European nations in his post.