Summary
The United States is urging Europe to change its taxes on big tech companies. This request is linked to ongoing negotiations over tariffs on European steel and aluminum exports to the U.S. The two sides are discussing trade terms, but they still have differences to resolve.
Key Facts
- The U.S. wants Europe to reconsider digital taxes on large tech companies.
- U.S. Commerce Secretary Howard Lutnick linked digital tax changes with lower steel and aluminum tariffs.
- Current U.S. tariffs on European metals are set at 50%, despite prior agreements suggesting 15%.
- Europe seeks tariff reductions for various products like wine, cheese, and pasta.
- The U.S. believes digital service taxes unfairly target American companies.
- President Trump has shown interest in reducing digital taxes, different from the approach of the previous administration.
- European officials insist that digital taxes are not meant to target U.S. companies and have not agreed to negotiate these taxes.
