:

TRUMP THREATENS UK TARIFFS OVER DIGITAL TAX

AI DESK1 MIN READ
FRI, APR 24, 2026

■ AI-SUMMARIZED FROM 1 SOURCE BELOW

President Trump has threatened to impose significant tariffs on the UK if it maintains its digital services tax, which he argues unfairly targets American tech companies including Apple, Google, and Meta.

In comments to The Telegraph, Trump signaled he would retaliate against Britain's tax policy, describing it as discriminatory toward US technology firms. The digital services tax has been a point of contention between Washington and London, with American officials arguing it disproportionately affects their companies operating in the UK. The threat represents Trump's continued focus on trade disputes and protectionist measures. The UK's digital services tax, implemented in 2020, targets large tech companies' revenues from online services at a 2% rate. The dispute reflects broader tensions over how countries tax multinational technology corporations. The US has previously challenged similar taxes in other nations, viewing them as barriers to American business interests. Trump's warning could escalate trade tensions between two traditionally close allies as the UK navigates post-Brexit trade relationships.

■ SOURCES

Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BIG TECH DESK

Meta is laying off approximately 10 percent of its global workforce, affecting thousands of employees across the company. The decision comes as the social media giant works to reduce costs and streamline operations.

1H AGOIndustry Desk

Instagram rolled out Instants, a standalone app for sharing disappearing photos, in Italy this week. The app follows a feature test within Instagram's main platform across select regions.

5H AGOAI Desk

Intel delivered a strong earnings beat and raised its sales forecast, citing gains from the AI infrastructure buildout. The broader market declined as geopolitical tensions weighed on investor sentiment.

5H AGOIndustry Desk

Blackstone President Jon Gray identified artificial-intelligence infrastructure build-out as the firm's single biggest growth driver, underscoring the investment sector's pivot toward AI-related assets.

5H AGOAI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.