Days after the assembly, Trump threatened international locations which have digital taxes with “subsequent further tariffs” on their items if these nations don’t take away such laws.
Meta and the White House didn’t instantly reply to Reuters‘ request for touch upon the report.
Trump’s administration is contemplating imposing sanctions on the EU or member state officers liable for the Digital Services Act, over complaints that it censors People and imposes prices on U.S. tech companies, Reuters reported on Monday.
Many international locations, significantly in Europe, have levied taxes on the gross sales income of digital service suppliers, together with Alphabet’s Google, Meta, Apple and Amazon .
The problem has been a longstanding commerce irritant for a number of U.S. administrations.
The vast majority of Meta’s income comes from its core promoting enterprise. The corporate in July reported income of $47.52 billion for the quarter ended June 30, surpassing analysts’ common estimate of $44.80 billion.
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