US retaliation for taxing its tech giants may be as high as $900 MILLION

 The 25% tariffs exactly equal the European taxes imposed. 

Washington is reportedly moving forward with its additional duties for hundreds of billions in imports from six nations in response to digital service taxes targeting the likes of Google and Amazon.

A wide range of goods from the UK, Spain, Italy, Turkey, India and Austria could be hit with 25% tariffs, the US Trade Representative documents show. If the US goes ahead with the punitive measure after public consultations scheduled for May, those tariffs would total around $880 million annually, according to Bloomberg.

RT

US retaliation for taxing its tech giants may be as high as $900 MILLION