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Old 03-06-2021, 13:35   #207
Sephiroth
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Re: President Joe Biden’s first 100 days in office

Biden wants to impose tariffs on the UK.

https://www.bbc.co.uk/news/business-57334261

Quote:
The US has announced and immediately suspended tariffs on about $2bn (£1.4bn) of imports in retaliation for taxes on its tech firms.

The 25% tariffs apply to certain goods from the UK, as well as Austria, India, Italy, Spain, and Turkey.

US Trade Representative Katherine Tai said the delay would allow more time for discussions on tax.

"The US remains committed to reaching a consensus on international tax issues," she said.

It comes after a year-long US investigation into digital services taxes put in place by the six countries, which tax tech firms on their revenues, rather than profits.

Washington previously described the taxes as "unreasonable" and "discriminatory" against American social media companies, online marketplaces and tech firms.

The US government said it will approve the threatened tariffs on $887m of UK goods, as well as on $383m of Italian goods and $323m of Spanish products.
Of course, you know my attitude: Sod 'em. It's bad enough that we have the EU bully to our East. At least we can hit the USA with taxes on their digital companies.



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