U.S. Trade Representative Katherine Tai announced her office was imposing tariffs on Austria, India, Italy, Spain, Turkey and the U.K. but immediately suspending them for six months to allow negotiations to continue. Several nations have pressed ahead with their own digital tax, frustrated at delays in introducing a global system. And for Spain the list includes octopus - frozen or in other products. It echoes the Trump administration's threat to slap crippling tariffs on French champagne and cheese when France said it was imposing a three percent digital tax on tech giants. The countries targeted in the latest round have levied a similar level of tax on digital companies above a certain size.

Source: Daily Mail June 02, 2021 21:31 UTC