Tariffs

International negotiations on new tax rules for the digital age will fail to conclude this year, raising the risk of a transatlantic trade conflict and a proliferation of contentious national levies on global tech giants.

President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies.

The European Union may delay digital tax proposals to give countries move time to hammer out a deal and avert a transatlantic trade war, a top official from the bloc said.

France held firm on its plans to resume collection of a national digital tax that hits technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., saying it wouldn’t be swayed by threats of U.S. sanctions.

Italy and Spain also offered to limit the scope of a proposed global digital tax, a concession after the U.S. threatened to hit countries with tariffs if they moved ahead with levies on tech companies.

Treasury Secretary Steven Mnuchin withdrew the U.S. from international talks over a digital tax deal after failing to reach an agreement with countries looking to place levies on the revenue of American tech companies, U.S. Trade Representative Robert Lighthizer said.

The Trump administration is starting investigations into digital services taxes considered by several trading partners from the European Union to India that could lead to tariffs being imposed on the countries’ exports to the U.S.

Even as France indicated a willingness to postpone a disputed tax on technology companies, U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if the issue isn’t resolved.

Presidents Emmanuel Macron and Donald Trump agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year.

Trade wars and fears of a global economic slowdown are shaking optimism.

Despite trade tensions, Elon Musk’s visit last won the electric-car maker an exemption.

These days, not even the 7-foot, 6-inch Yao Ming can fight his way through the U.S.-China trade war.

The move could be a prelude to new tariffs under the Trump administration.

Tom Wheelwright sees value-added taxes as a cause of current tariff troubles.

The president's trade wars have already elimianted all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning.

Some see the DST as a ‘revenue grab’ that’s punishing American tech companies.

Business executives who are also CPAs are increasingly concerned about trade conflicts and rising interest rates, according to a new survey by the American Institute of CPAs.