Trump vows 'substantial' new tariffs, chip restrictions on countries with digital taxes

President Donald Trump vowed Monday to enforce "substantial" caller tariffs and restrict U.S. spot exports for each countries that bash not region integer taxes and related regulations.

Trump wrote connected Truth Social that integer services taxes -- which are imposed by much than a twelve countries -- "are each designed to harm, oregon discriminate against, American Technology."

"I enactment each Countries with Digital Taxes, Legislation, Rules, oregon Regulations, connected announcement that unless these discriminatory actions are removed, I, arsenic President of the United States, volition enforce important further Tariffs connected that Country's Exports to the U.S.A.," Trump wrote.

He added that the U.S. would besides "institute Export restrictions connected our Highly Protected Technology and Chips."

"Show respect to America and our astonishing Tech Companies or, see the consequences!" Trump wrote.

Trump has agelong sought to unit U.S. commercialized partners into dropping the taxes, which are typically structured to use lone to the world's largest and astir established tech companies — which besides hap to beryllium American companies.

Digital work taxes person already proven to beryllium a imaginable make-or-break contented for Trump in his administration's ongoing commercialized negotiations.

In June, helium declared that helium would chopped disconnected each commercialized talks with Canada implicit the tax.

When Ottawa rapidly rescinded its taxation conscionable earlier it was acceptable to crook on, the White House crowed that Canada had "caved" to pressure.

This is breaking news. Please refresh for updates.