Trump's Digital Tax Memo: A New Front in Tech Trade Wars?

President Donald Trump intends to sign a memorandum addressing digital taxes. This move, according to Bloomberg News, could lead to levies as a counteraction to digital services taxes that some nations are imposing on American tech companies.

On Friday, President Donald Trump announced his intention to sign a memorandum concerning digital taxes, though he abstained from sharing specifics.

According to a report from Bloomberg News, the memorandum potentially paves the way for the U.S. to impose levies as a retaliatory measure against digital services taxes that certain countries have enacted targeting American technology giants.

This development signals a possible escalation in global trade tensions, specifically within the tech sector, as the U.S. government seeks responses to international taxation efforts on major American firms.

(With inputs from agencies.)