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Donald Trump is considering tariffs on countries that impose digital service taxes against US companies and coercion of Chinese investment rules in the US while it expands the field of global trade war.
The president signed a memorandum on Friday ordering the American Trade Representative to look at the reopening of investigations launched during his first term in the digital service taxes imposed by a host of EU countries, as well as in the United Kingdom and Turkey . It also appreciates the new probes in other countries including Canada.
“My administration will not allow American companies and workers and American economic and national security interests to be compromised by unilateral, anti -confidence of foreign governments,” the president wrote in Memorandum.
Since the recapture of the Trump office has sought to reformulate the country’s trade relations with the world, threatening and executing a range of tariffs against various countries and sectors.
He had already signaled digital services taxes would be in his sights as he watches to choose large groups of country technology operating abroad and regulate the global tax regime.
According to the Memorandum, Washington will consider taxes set by foreign governments for US companies and also any regulations or policies that “hinder growth” or “endanger () intellectual property” of US corporations operating abroad.
Memo mentions digital service taxes in France and the United Kingdom, whose leaders will visit Washington for talks with the President in the coming days.
“What they are doing for us in other countries is terrible with digital,” Trump said on Friday before signing.
The president also signed a memorandum aimed at increasing foreign investment in the country by protecting national security from China and other opponents. He said the administration would create a “quick” process to enable investment from US allies and partners.
Memo added that the Committee on Foreign Investments in the United States (CFIUS), which verifies limited security transactions for security risks, will be used to “limit Chinese investments in US strategic sectors such as technology, critical infrastructure, health care, Agriculture, energy, raw materials and others. ”
Former President Joe Biden ordered CFIU to take a tougher approach to China in a number of similar sectors, including technology.
The White House said it would protect agricultural lands and immovable property near sensitive military facilities and strengthen CFIU’s “Greenfield” investment authority, where companies build or expand new facilities and operations in a foreign country.
He said the administration will consider new or extended restrictions on American output investments in China in sensitive technology, including chips, artificial, quantum and biotechnology, to prevent capital from supporting “joining China’s military civilian, which forces the Chinese companies to share technology with the Eraction of the People’s Liberation Army.
“We will also adopt new rules to stop US companies from pour investment in China and stop China to buy America, allowing all those investments that clearly serve US interests,” Trump said in a statement.
Additional reporting by Steff Chávez to Washington
