EU Threatens Big Tech Tax if Trump Trade Talks Fail
The European Union is considering imposing a tax on large American tech companies if trade negotiations with the United States falter. This isn’t a mere threat; the gravity of the situation is palpable, fueled by a growing frustration with the influence and practices of these tech giants. The potential for this tax is a significant escalation in the ongoing trade tensions.
This potential tax is driven by a confluence of factors, far beyond simple economic concerns. The EU feels American social media companies have wielded immense power, fostering the spread of misinformation and extremism, undermining democratic processes. This is viewed as an unacceptable consequence of unchecked influence.… Continue reading
Matt Underwood