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Trump threatens 100% tariff on countries taxing US digital services firms

Market News
26 Jun 2026
CNBC
View Source
Bearish
pluang ai news

President Donald Trump warned he will impose a 100% tariff on goods from any country that enacts a digital services tax targeting U.S. tech companies. He stated this tariff would override any existing or future trade agreements with those countries. Trump has criticized these taxes as unfairly singling out major U.S. tech firms like Meta, Alphabet, and Amazon. This threat follows previous actions, such as pressuring Canada to drop its proposed digital tax, highlighting ongoing tensions over digital taxation policies globally.

More News (META)

REX FEPI ETF offers 25% yield via covered calls on tech giants but caps upside potential.

REX FEPI ETF offers 25% yield via covered calls on tech giants but caps upside potential.

The REX FANG & Innovation Equity Premium Income ETF (FEPI) generates high monthly income by selling covered calls on major tech stocks like NVIDIA and Apple, resulting in a 25% distribution yield. While this strategy provides steady income, it limits...

Market News
Neutral
6 hours ago
Wedbush sees tech sell-off as a buying chance amid a multi-year AI growth phase.

Wedbush sees tech sell-off as a buying chance amid a multi-year AI growth phase.

Wedbush views the recent sharp sell-off in major tech stocks like Microsoft, Meta, and Nvidia as short-term impatience rather than a breakdown in the AI sector. The broker highlights that these companies are in the early stages of a long-term AI infr...

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8 hours ago
New ETFs focus on AI and space tech firms like Meta, OpenAI, and SpaceX, signaling a shift from legacy tech giants.

New ETFs focus on AI and space tech firms like Meta, OpenAI, and SpaceX, signaling a shift from legacy tech giants.

The ETF market is seeing a new trend with multiple firms launching 'MANGOS' ETFs that include AI and commercial space technology companies such as Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. This marks a shift from the traditional 'Magnifice...

Market News
Bullish
8 hours ago
Meta stock dips in 2026 but offers 48% upside on strong ad growth and AI expansion, rated buy with high confidence.

Meta stock dips in 2026 but offers 48% upside on strong ad growth and AI expansion, rated buy with high confidence.

Meta Platforms has seen a significant stock decline in 2026, dropping 17.62% year-to-date and nearing its 52-week low. Despite this, the company reported strong Q1 revenue growth of 33.08% and earnings per share above expectations, driven by accelera...

Analyst Insights
Bullish
8 hours ago
Wedbush sees tech sell-off as a buying chance amid a long-term AI growth phase.

Wedbush sees tech sell-off as a buying chance amid a long-term AI growth phase.

Wedbush views the recent sharp sell-off in major tech stocks like Microsoft, Meta, and Alphabet as short-term impatience rather than a collapse in the AI sector. The broker highlights that these companies are in an 'air pocket stage' due to heavy cap...

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