US announces new delayed tariffs against six countries in response to taxes targeting large tech companies
CNN
The US government announced new, suspended tariffs on Wednesday against six countries in response to those governments' digital services taxes, the office of the US Trade Representative said.
The six countries subject to the tariffs, which are set at 25% on about $2 billion worth of goods, include Austria, India, Italy, Spain, Turkey and the United Kingdom. The additional duties will be prevented from taking effect for up to 180 days while the US continues negotiating on a proposed global tax regime through the Organization for Economic Co-operation and Development and the G20 process, USTR said. Foreign governments have long complained that large tech companies such as Apple, Facebook and Google should pay them more in taxes. Some have recently passed taxes specifically targeting revenue generated by such companies, including those based in the US such as Facebook, Google and Amazon.President Joe Biden on Sunday delivers his first commencement address of the 2024 season at Morehouse College, where the president may for the first time in months have to confront the angst that’s been percolating on college campuses nationwide toward his administration’s policies on the Israel-Hamas war.
Arab and Palestinian Americans left a meeting with Secretary of State Antony Blinken on Friday night frustrated they did not have a clear understanding of how the Biden administration might act upon their concerns as the Israel-Hamas war devastates the civilian population in Gaza, participants told CNN.