Trump threatens UK tariff over digital services tax
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Trump threatens a “big tariff” on the UK if the digital services tax isn’t repealed, without specifying a rate.
- UK digital services tax levies 2% on revenues of U.S. tech firms like Google, Meta, and Apple, generating £800 million ($1.08 billion) in 2024‑25.
- King Charles III is scheduled to meet Trump during a four‑day U.S. state visit starting Monday, raising diplomatic stakes.
- Queen Camilla will accompany the king on the same state visit, adding diplomatic visibility.
- Fortune notes that global equities fell after Trump’s tariff threat and his comments on the war.
Why it matters: UK government risks losing £800 million in tax revenue if tariffs bite, while U.S. tech giants face new duties; the dispute sours the royal visit and destabilizes markets.
Ask SkimNews
