Germany warns against EU hitting Big Tech in retaliation to Trump tariffs

Germany and other European countries are cautious about potentially imposing taxes on Big Tech if trade negotiations with the Trump administration fail, following US President Donald Trump’s threat to impose tariffs on EU imports. European Commission president Ursula von der Leyen has mentioned retaliatory measures, including a tax on digital advertising revenues affecting tech giants like Amazon, Google, and Facebook. However, Germany’s finance minister Jörg Kukies has warned against targeting digital corporations, emphasizing the lack of alternatives to American digital services. The EU has suspended retaliatory tariffs on US products for 90 days to allow for negotiations, with countries like France supporting retaliation options on US services companies while others, like Ireland and Luxembourg, are more hesitant.

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