In the fight over digital taxes, the US threatens to impose more punitive tariffs

Specifically, if there is no agreement, an additional fee of 25 percent must be charged for each. In the case of Great Britain, for example, it concerns clothing, jewelry and cosmetics. Based on import data for the 2019 calendar year, the US government puts the range of goods affected here at about $887 million. Italy is threatened with higher tariffs on perfume, handbags and ties, with the volume here amounting to about $386 million. Spain will have to deal with much higher export barriers for goods worth $324 million, with Turkey $310 million, and India and Austria 118 and 65 million, respectively.

According to Tai, the United States hopes to be able to resolve the dispute over digital taxes with the help of the Organization for Economic Co-operation and Development and the Group of Twenty. In March, the Office of the Trade Representative ended investigations into potential discrimination against US companies by the European Union, Brazil, Indonesia and the Czech Republic, so that there was no longer any risk of tariff increases. There is still a dispute with France. Here the US had already announced punitive tariffs on products worth about $1.3 billion, but was initially suspended in the hope of a coordinated international solution.