Are Trump’s Tariff Threats Risky or Bold?

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Transcript

00:00Tariff threats, not unusual. What's happening now?

00:05Well, it's a very Trump rhetoric again, but these foreign digital taxes that are in place

00:09and the regulations that go along with them as well,

00:11he thinks are unfairly targeting companies that are operating out of the US.

00:15So we're talking Google, Meta, Amazon, Apple, the big hitters here.

00:18And he says that these rules that are in place are actually what's hurting American firms

00:22and Chinese tech companies are getting a lighter deal as a direct result of that.

00:27So he's saying the amount of money, even the UK's digital tax, digital service tax,

00:31that's getting about 800 million British pounds a year from global tech firms.

00:37So similar of these exist in France and in Italy and Spain as well.

00:40So he's saying, right, listen up, EU, UK, roll back your measures.

00:45And he's got enough recent data to say that this is the right thing to do.

00:49They've all got deals with Washington now, we know this.

00:51He's kind of got the upper hand here.

00:53It is one of these classic Trump tough talks on tariffs to try and get some leverage in there as well

00:58in these wider trade negotiations.

01:00But he's saying because they're not fair, then they need to be lessened.